If you have urgent current expenses to cover, then future priorities like college and retirement fall off your radar because they are simply less pressing. Scarcity of attention prevents us from seeing what's really important. The psychology of scarcity engrosses us in only our present needs.

It is safe to say that when people are short on cash, they might be less productive at work, be worse parents, and have less self-control.

The ability to save automatically is among the most powerful tools available to us.

Sendhil Mullainathan Quotes