Premium cuts maybe but in my experience, meat is honestly one of the first things you steal if you’re poor and hungry.
Eating nothing but rice, ramen, flour/water, and $1 bread all the time makes you tired and anaemic, and it just sort of feels like stealing some mince or a steak is going to fix that.
TL:DR Studies on financial education show it helps increase savings rates, but has virtually zero impact on whether someone will default on loans. The article suggests that financial discussions at home are important....
According to this article, education influences saving but not debt.
An important caveat is that these analyses measured the short-term response to hypothetical questions, not long-term behaviour.
But even when examining the impact of financial education on short-term behaviour, researchers found it was difficult to influence how people handled debt. Compulsory financial education did not improve the likelihood of getting into debt, or the likelihood of defaulting on loans.
Being educated can teach you what you should do, but if you’re in a low socioeconomic group it doesn’t magically give you enough money to do those things. You will still likely need a car and footwear (or a “grant” from Winz which is their word for a loan). Like the old truism says, being poor is expensive.
As for it being better to learn “at home” of course it is if the people at home know about that stuff but this comes across as a bit " let them eat cake."
I guess the other variable is whether financial education about debt is simply not as comprehensive as education about savings and investment. Which might be a factor insofar as middle class knowledge needs around debt may not be as onerous (for example, needing to know how to structure a mortgage, vs needing to know how to convert a monthly predatory lending fee into a p/a percentage).
Supermarket crime increases by nearly 60% over past year, report shows (i.stuff.co.nz)
Almost like the cost of living is unachievable for those on the lowest wages.
Financial education has its limits – if we want New Zealanders to be better with money, we need to start at home (theconversation.com)
TL:DR Studies on financial education show it helps increase savings rates, but has virtually zero impact on whether someone will default on loans. The article suggests that financial discussions at home are important....
Wellington Police warning public about disruptions this week due to a planned protest (www.police.govt.nz)
No mention of what they’re protesting but hopefully this isn’t some sort of attempt to repeat the literal shit-show from last year....