How being poor can lower your IQ

Poverty weighs on the mind more than you might think

Man counting pennies
(Image credit: Courtesy Shutterstock)

The challenges of being poor — like scrounging for rent and devising new ways to cut back on spending — vacuum up large amounts of mental energy.

New research from Princeton University shows that the mental demands of not having a flush bank account can suppress cognitive functioning by 13 IQ points, the equivalent of a full night's sleep — potentially leading to bad decisions that keep the cycle of poverty spinning along.

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.