Feels Quote by Michael Lewis
“A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.”
About This Quote
Source Book: The Big Short by Michael Lewis, 2010
He suggests that offering cheap loans to stagnant-wage workers creates an illusion of wealth, masking underlying economic issues.
In simple terms: Cheap loans fake wealth for low‑wage earners.
Beware of false financial comfort.
Themes
Mood
Type
When to use this quote
- policy debates
- financial counseling
- community budgeting
- economic education
Key Concepts
Questions to Reflect On
- How do cheap loans affect long‑term financial health?
- What alternatives exist for supporting low‑wage workers?
Cheap loans can deepen debt and dependency.