Q: Why don’t low-income families save?

Actually they do!

A: Actually they do!
However, they tend to be saving for the short term, rather than the long term.

Shelterforce is the only independent, non-academic publication covering the worlds of community development, affordable housing, and neighborhood stabilization.


  1. My reply to “why don’t low income people save” is save what? The very fact that they are low income implies they struggle to meet basic needs. They may save a portion of each paycheck in order to pay the rent, but saving for the future is beyond most poor people’s ability. This is not to say they do not want to save, just that it is rarely an option.


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