“Mistaking the map for the territory”! Definitely gonna steal that one…

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This is, as the kids would say, "bloodless quant-talk." You're talking _about_ literature _to_ people that the literature purports to describe as though the literature were more authoritative than their own life-experiences. You are literally mistaking the map for the territory.

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stantcheva.scholars.harvard.edu/resource/how... this study found significant changes to Marginal Propensities to Deleverage when as little as $1000 was received

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I suppose that you and I read and interpret the literature differently I can also easily see multiple hypotheticals from that family losing $30,000 in unexpected medical expenses and how that would derail many aspects of their life going forward The windfall or the loss can both change their lives

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$30,000, even broken up evenly over three years, could be invested in college savings accounts, retirement accounts, buying a more reliable car to get to work, going back to school or upgrading to more safe and secure housing. Every single one of those things is a life-changing event.

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