> they didn't have enough money to meet their expenses more likely
What does this mean, exactly? I think that's the core of my question, and something I don't understand since I lack the experience. If someone can live like this for, say, 10 years then in some sense it is meeting their expenses exactly.
I understand a situation of accumulating debt - that's a state that's not in equilibrium. But a lot of poor people can't really obtain credit, I believe.
What does this mean, exactly? I think that's the core of my question, and something I don't understand since I lack the experience. If someone can live like this for, say, 10 years then in some sense it is meeting their expenses exactly.
I understand a situation of accumulating debt - that's a state that's not in equilibrium. But a lot of poor people can't really obtain credit, I believe.