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Essay / Social Values and Low-Income Society - 868
Low-income families have prejudices about how high-income families manage their money, and everything they have to say about money seems completely scandalous for a low-income family. For example; Low-income families are less likely to give money to charity or even tithe. For a family like this, the chances of them saving a single dollar for the future seem absurd. Norms: Low income classes do not like to save or give money. or objects for that matter. They could be materialistic people. Unlike (some) families belonging to higher income classes. So what do the leaders of these low-income families do with their money? The answer is simple; Coming from a low-income family, I watched my parents make some of the stupidest mistakes with money. For example, my brother had just financed a brand new Ford Focus, black, with leather interior and super equipped with GPS and every other gadget imaginable. Needless to say, he had paid less than half the price of the car when it