Accumulation Quote by Benjamin Franklin
“[T]he more public provisions were made for the poor, the less they provided for themselves, and of course became poorer . . . [taking] away from before their eyes the greatest of all inducements to industry, frugality, and sobriety, by giving them a dependence of somewhat else than a careful accumulation during youth and health for support in age and sickness.”
About This Quote
Source Speech: Poor Richard's Almanack, 1758
Public aid can reduce self‑reliance, leading to greater poverty and loss of industrious virtues.
In simple terms: Too much help can make people dependent.
Balance assistance with encouragement of personal effort.
Themes
Mood
Type
When to use this quote
- welfare design
- social safety nets
- personal finance education
- community development
Key Concepts
Questions to Reflect On
- How can programs promote both support and self‑sufficiency?
- What incentives encourage frugality?
Aid without fostering independence may perpetuate poverty.