Hardship surely has an influence on mentallity.

[BitBrainers]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

This is exactly why Bitcoin matters beyond price speculation. A person locked in survival mode cannot plan for the future, cannot take risks, and cannot build wealth. Sound money that holds purchasing power removes at least one layer of that pressure. When your savings do not lose value to inflation while you sleep, the mental bandwidth spent on financial anxiety decreases. That is not a solution to poverty but it is a meaningful reduction in one of its most damaging symptoms.

[Agbamoni]

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

This is very relatable. The situation of the country we live us in making decision that is only meant for survival. With survival insticts there is no hope for the future because we are living for the now alone. The annoying part is there are some risk that are worth it, it is very clear but we wont take those risk due to fear of uncertaintity. For instance; what if the business does not floiurish, what if will be the order of the day. I have been in position to make tough decision but truly all those decision has just been to survive.

[Mhizlove]

It all depends on each person's mindset. There are a few who don't overcome these things and end up very badly. Generally, what doesn't kill us makes us stronger, but I believe it's something that can be resolved with the right mindset. If I think about all the problems I've gone through and solved, I realize now that so many negative thoughts weren't worth it. So now I go through life with that mindset, because I know that when I solve them, my mind will be at peace, and it was all about me putting obstacles in my own way.

What you said is true but when it comes to mindset not everyone can switch all of a sudden, sometimes what we need is support, time and a little patience with ourselve before we can view things properly. The best part is that when someone has passed hardship before it will more easier to say or remember that this one also will pass, as you said some worries or hardship we see our selves we are the cause or we created it in our head but when we calm down and work on it gradually or step by step we will see that the burden isn't as heavy as we thought it was

[Findingnemo]

~
I totally agree that the government are also a fault, because I think it's the duty of the government to at least elevate its citizens from that level,  so they could be able to think better and also be productive to the society,  but most government really don't care about their citizens,  especially African leaders.

It depends on who is the one to be chosen as their leader, some could be really having a good intention but not given an opportunity. I guess most of the African nations are democracies so people still got the power to pick their leader and hope they learn their lesson and vote for a change.

[Asiska02]

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

This actually speaks a lot and what you’re saying makes a lot of sense on what economic hardship really means and how it has effects on the mental health of the person. When you’re earning even as a civil servant and your earning can only make you to get fed and sort out basic amenities, you’re only feeding from hand to mouth and you’re amongst those that economic hardship will be felt on.

Not being able to even have the means to take risks of getting maybe a potential reward from it, then even your salary is not enough to save you or make you have the zeal to expand your coast or creativeness for more opportunities you can enjoy from. Your mental health if not being productive, having the mindset of a consumer rather than having that of a producer is just a matter of time before it weighs you down.

[Akbarkoe]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

Hardship does affect many people but it depends on what kind of hardship you take.
 
If you become a person who manages to get out of that difficulty then you will become a stronger person when you are on a better economic journey because you are built by psychology which in fact trains you, character and behavior become the capital of how strong you face all that.
 
In any world, even in a world where the economy is said to be easy, it is still difficult, meaning that if not by yourself then you absolutely do not change, in conditions of not wanting to take risks then you will remain the same person, taking opportunities is not guaranteed but it is much better because you want to try, not slowly die because you do not want to try probabilities.

Economic policy is important, but if you are a person who cannot change policy then you should be aware of the situation, you don't need to wait for policy to be changed first and then move for yourself, that's stupid!

[Dunamisx]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

Economic hardship is the most critical of all to experience because it's placed one's mentality on a different perspective, that is why some will often settle down for the less, because they have already given up of making it despite their relentless efforts, in life, we should prepare for challenges ahead, because they are going to come, but you must be able to overcome them by embracing every situation with the determination that we are going to get out of it successfully.

[Hamza2424]

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

I was wasting my time and found out that there have been several studies on this matter bro. They concluded that due to economic scarcity, the poor have lost around 13 IQ points, which is considered losing a full night of sleep. Can you imagine being under so much pressure that pressure reduced your IQ by 13 points? But it's not like a fast procedure but happens slowly, I think.

No wonder the poor are making the worst decisions, not because of their character failures or lack of opportunities or resources but because they are making survival decisions with a cognitively compromised brain under constant pressure. 

[Abdulzuruku01]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

There are countries because of the hardship that they faced, the majority of the people in that area even abandoned many of their family responsibilities, their focused is only on how to get their daily meal in other to survive their lives. They did not really settle and think of how to tackle their problems from the grassroots.

Hardship is what caused some individuals to engaged themselves in illegal acts everyday, they are no longer have the idea of the things that can contribute to their economy growth and well-being of their life. for instance puting effort and work on the things like initiation of businesses, farming, improve education,  and locally manufacturing of products with their availabile resources.

[serjent05]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

This simply means they are the weaker person.  They do not have enough will to persevere and don't have the tenacity needed to withstand those hardships.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Not all people react the same, they maybe have the tendency but those who have a strong will, equipped with knowledge on what to do in certain conditions will react greatly.  After all, having knowledge on how to solve problems and difficulties can minimize the negative impact of that so called hardship.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

Tenacious people have the will to survive, instead of his actions being imprisoned because of these hardship, they tend to innovate and create certain conditions that will enable them to combat these hardships.  We have seen people rise from the pit of poverty even though there are no changes in their environment nor help from the government.  Not all people succumb to these hardships.  Knowledge, strong will, perseverance and tenacity can greatly help to nullify this thing you called hardship.

[letteredhub]

.When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Isn't the reason for the short term thinking quite obvious?! There's hardship and they don't have enough to take care for the day not to mention what to save neither place aside from investment. Even where the will to invest do exist, in as much as the resources available at hand isn't sufficient to serve present/immediate needs then attempting to invest is just another act of suicide. You have to be alive before thinking long term.

[SquallLeonhart]

This is true, the more hardship you go through, the harder your skin becomes and that becomes something that does help you and you should be grateful for it if you do somehow overcome it. But there is nothing that could make you grateful when you are living in it, and you should not be considering this as something that would be not that easy to overcome and during the hardship there is nothing to be happy about.

Hardship is only good after you overcome it. If you were poor and became rich, you go back and look at the poor period as good. Same as health, if you were always a healthy person then you do not really cherish health, but if you were sick and got better then health suddenly becomes such a great thing.

[Y3shot]

Not just about mentality, but it changes everything—the way you do things and also the way you relate to people. Economic hardship can even make one look down on oneself by giving up, thinking you can't be elevated beyond your current state because it makes one feel there are no opportunities out there, no matter how hardworking one can be. In economic hardship, one just needs to be positive because this can even drive you farther than you ever thought you could go.

[batang_bitcoin]

The problem with the governments which are not pro to their citizens is, they make policies that are not easing the lives of the people. But easing the collections and policies that are in favor of the government itself. A person who's behind it understands the system and they don't want to touch it and there could be some big boys in the back of the industry who might get mad if they play out something easing for the people and making systems more advantageous to the majority than the very few. So, we see that economic policies are both good and bad for the rest of the majority. They're dealt to make people suffer because they know that there are more poor people who would pay the taxes and deal with the hardship of the economy rather than the rich ones who probably they think are the backbone of a country's economy.

[Questat]

~
I totally agree that the government are also a fault, because I think it's the duty of the government to at least elevate its citizens from that level,  so they could be able to think better and also be productive to the society,  but most government really don't care about their citizens,  especially African leaders.

It depends on who is the one to be chosen as their leader, some could be really having a good intention but not given an opportunity. I guess most of the African nations are democracies so people still got the power to pick their leader and hope they learn their lesson and vote for a change.

Yes, it could be that at some point, the government is also at fault. But having a great leader who will prioritize the welfare of its people will change everything. People will still experience economic hardships which is sometimes hard to avoid, but not severe poverty. I guess there is big difference from it.

This is the reason why we have to execute wisely our freedom of suffrage. We don't need to vote a leader because he seemed kind and is pro-poor, our first impression can be deceiving. We need to secure our votes, we need to vote wisely and smartly.

[BitBrainers]

They concluded that due to economic scarcity, the poor have lost around 13 IQ points, which is considered losing a full night of sleep.

That study is by Mullainathan and Shafir, published in Science in 2013. The finding was that scarcity itself consumes cognitive bandwidth, not poverty as a character flaw. The mind is constantly running calculations about what can and cannot be afforded, which crowds out the mental space needed for long term thinking and decision making. This is exactly why financial stability is not just a comfort issue. It is a cognitive issue. Sound money that does not erode overnight is one fewer calculation the brain has to run. That bandwidth gets redirected elsewhere.

[LOVER BOY 422]

You are very correct, hardship affects mentality in many ways because if someone is poor his state of reality in reasoning will be different their way of doing things so I quen in to what you said,  that hardship affects mentality.
The way poor people reason shouldn't be how a rich man will think, that's the more reason why they have their settings in many occasions ,rich men will stay different while poor men stays different, because they all know their ways and mode of their reasoning.

[Mame89]

.When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Isn't the reason for the short term thinking quite obvious?! There's hardship and they don't have enough to take care for the day not to mention what to save neither place aside from investment. Even where the will to invest do exist, in as much as the resources available at hand isn't sufficient to serve present/immediate needs then attempting to invest is just another act of suicide. You have to be alive before thinking long term.

Indeed mental health issues caused by economic hardship significantly impact a person especially in terms of productivity. This can lead to decreased focus and concentration leading to thoughts of daily needs becoming diverted making it difficult to concentrate on work let alone investing. It's true as you said, that investing isn't easy especially with limited funds. Therefore the first step we need to take is to stabilize our finances before investing for the long term.

It's important to understand that economic hardship isn't just about money it also affects our mental health and ability to work. If this is the problem you're experiencing, the first small step you should take is to stabilize your finances as this will indirectly lead to significant improvements in productivity which ultimately can lead to long-term investment.

[PERtua]

.When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Isn't the reason for the short term thinking quite obvious?! There's hardship and they don't have enough to take care for the day not to mention what to save neither place aside from investment. Even where the will to invest do exist, in as much as the resources available at hand isn't sufficient to serve present/immediate needs then attempting to invest is just another act of suicide. You have to be alive before thinking long term.

Indeed mental health issues caused by economic hardship significantly impact a person especially in terms of productivity. This can lead to decreased focus and concentration leading to thoughts of daily needs becoming diverted making it difficult to concentrate on work let alone investing. It's true as you said, that investing isn't easy especially with limited funds. Therefore the first step we need to take is to stabilize our finances before investing for the long term.

It's important to understand that economic hardship isn't just about money it also affects our mental health and ability to work. If this is the problem you're experiencing, the first small step you should take is to stabilize your finances as this will indirectly lead to significant improvements in productivity which ultimately can lead to long-term investment.

I think difficulties can have a significant impact on one's mindset and priorities. Financial pressure can often make it more important to get by than to put money into long-term investments, like stocks. Those living paycheck to paycheck have a hard time thinking about saving money to build wealth when they are not making enough money to pay the bills. Feed the family. And cover their daily expenses. Financial difficulty also has a negative impact on mental health. Affecting an individual's concentration. Motivation and work output. The reason is that if finances aren't stable. They aren't stable. No matter how small the steps you take to begin getting them right. After a person has achieved a degree of stability and peace of mind. Then it is easier for him to think clearly and make better long-term financial decisions.

[iBaba]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

Economic hardship is not just about having enough money, it really affects how people think and live their daily lives. When someone is under constant financial pressure, their mind naturally goes into survival mode. Instead of thinking about long term plans or investments, the focus shifts to basic needs like food, transport, rent and just trying to get through each day.

Because of that pressure, a lot of people start to think more short term and become very careful with decisions. Even when opportunities show up, that fear of losing what little they have can stop them from taking risks or trying new things. Over time that stress affects their peace of mind, confidence and even productivity, making it harder to think beyond the present moment.