Small financial shocks can derail entire lives—not because p... - Sendhil Mullainathan

"Small financial shocks can derail entire lives—not because people are irresponsible, but because margins are thin."

Sendhil Mullainathan Money

Economist Researcher Indian-American Born 1974 (age 52)

More from Sendhil Mullainathan

"The poor are not just short of money, they are short of bandwidth."

"Scarcity captures the mind."

"When we are struggling financially, we are not just poorer, we are less capable of making good decisions."

"Poverty is not just about income, it's about attention."

"Money is important, but it's not everything"

"Money doesn't buy happiness, but it buys things that make you forget you're unhappy."

"Money isn't everything."

"Money is meaningless without purpose."