That is the average over time. How do you cope with that? (ii)  The poor not only have low incomes, but their income is irregular and unpredictable. Their savings are meagre. But, yet they have to cope with loss of employment, illness and death in the family, lumpy expenditure needs for education and for weddings and festivals?
BIS central bankers’ speeches  5  (iii)  One stereotype view is “How can the poor save – they have no money”. This is only superficially sensible. The poor should save because like everybody else they have a present and a future. They have little money today, but unless they stumble on a pile of cash tonight, they have little money tomorrow.