Are poors impulsive?

The big problem with one of the most popular assumptions about the poor

In the late 1960s, Walter Mischel, a researcher at Stanford University, invited several hundred children to participate in a game in which they were given a choice: They could eat one sweet right away, or wait and have two a little later. Initially, the goal was simple: to see how and why people (kids in this case) delayed gratification. But after the end of the experiment, Mischel began to check in with as many of the participants’ families as he could, and over the following decade he learned that his little experiment probably had much larger implications than he had anticipated. ….[READ]

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