The poor should save because, like everybody else, they have a present and a future. They have little money today, but unless they expect to stumble on a pile of cash during the night, they presumably also expect to have little money tomorrow. Indeed, they should have more reason to save than the rich, if there is at least some possibility that, in the future, a little bit of buffer could shield them from a disaster. Such a financial cushion would, for example, allow the poor families in India’s Udaipur District to avoid cutting meals when money runs out, something that they claim makes them
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