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Financial Issues of Poor People and Need of Financial Education to Them

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There have been so many talks with respect to finance and particularly its impact on various horizons.Some may have extreme impact due to very weak financial condition and some may have very low impact due to having very strong financial background.I here emphasizing  on the impact with respect to poor people and Five Reasons why poor impacted more than non-poor. 1. The poor mis-spend Who hasn’t wondered why it is you can find Coke bottles in the poorest communities in developing countries? Who hasn’t had a pang of doubt upon seeing reams of shiny bags of candy hanging from the shabbiest stalls in the remotest villages? And you’re thinking: my parents didn’t buy me this stuff! Well, it might be because your parents had plenty of other ways to reward you and each other. Think toys, ski trips, family outing to a restaurant, gifts, etc. Next to these things, splurging one day on some candy and a Coke seems downright meaningless. But for many it might be the easiest way ...