Andrew Yang: How financial insecurity sinks American IQ scores

- Andrew Yang is running for president in 2020 as a Democrat (https://www.yang2020.com).

- Not being able to pay your bills has the functional equivalent of lowering your IQ by 13 points. Many Americans have scarcity mindsets because of their inability to pay their bills.

- In a scarcity mindset, your functional bandwidth decreases — it influences you to be less generous and less reasonable.

- The opposite of a mindset of scarcity is a mindset of abundance, which is what many entrepreneurs have. Abundance mindsets tend to build on to themselves if the environment is right.

Yang's latest book is The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future (https://goo.gl/rgv3bz)

Read more at BigThink.com: https://bigthink.com/videos/how-financial-insecurity-sinks-american-iq-scores

Follow Big Think here:
YouTube: http://goo.gl/CPTsV5
Facebook: https://www.facebook.com/BigThinkdotcom
Twitter: https://twitter.com/bigthink