What Is Scarcity Mentality? (2024)

Have you ever tried to complete a task but been constantly interrupted? The distractions aren’t from the outside, like noisy kids or a demanding boss, in your own mind. It’s something you need and can’t stop thinking about. For example, you’re on a diet, and all you can think about is the food you can’t eat anymore.

A scarcity mindset is when you are so obsessed with a lack of something — usually time or money — that you can’t seem to focus on anything else, no matter how hard you try.

Effect of a Scarcity Mentality on Your Mental Health

Scarcity mentality isn’t something you do on purpose. It’s the background noise your brain makes when you can’t get what you want. But it’ll cost you.

Focusing on something you don’t have can take a toll on your mental health. You can get “tunnel vision” when all you think about is the unmet need.

Scarcity mentality also has other impacts on your brain and can even cause it to work differently.

It lowers your intelligence quotient (IQ). Having a scarcity mentality can lower your IQ by as many as 14 points. It might not seem like much, but it’s enough to move your score from average to outstanding and vice versa. If you have an average IQ, losing 13 or 14 points can make it fall into the deficient category.

It limits your brain function. Scarcity mentality affects your ability to solve problems, hold information, and reason logically. It also affects your brain’s decision-making process. A scarcity mindset limits your ability to plan, focus, and start a project or task. Your brain is too busy thinking about something you don’t have.

It makes impulse control harder. ‌The decision-making part of your brain also controls impulses. When tunnel vision reduces your brain function, you’re more likely to give in to impulses you usually wouldn’t.

When we spend our energy obsessing over one thing, other areas of the brain start to lapse.

How to Snap Out of Scarcity

The opposite of scarcity is abundance. Abundance mentality means there is plenty for everyone.

Scarcity mentality isn’t a personality trait. It’s brought on by things around you.

Try these tips to shift from a scarcity mentality to one of abundance.

Focus on what you have. Scarcity often scares people from making career changes because they think there aren’t enough opportunities. Think about the positives you have, and let that move you forward.

Surround yourself with positive people. The people around you will influence you. Spending time with positive-minded people will soon have you thinking the same way.

Practice gratitude. Gratitude has been shown to improve mental health and well-being. Create a gratitude journal and write down five things you’re grateful for every day.

Recognize the possibilities. Focusing on one thing can train your brain to let other things go unnoticed. Rewire your mind to look for possibilities and solutions instead of letting the problem get you down.

Tips for Managing Scarcity Mentality

The tunnel vision caused by a scarcity mindset means other important things fall by the wayside. Start escaping that tunnel by organizing your time or automating tasks that might help you build an abundant future.

  • Finances. Automate bill payments, and write them on a calendar to keep track. Sign up for a 401(k) plan with your employer, if it’s available, so you can save money without thinking about it.
  • Work and rest. Schedule time to step away from your desk and stretch your legs. Get enough sleep at night to help improve work performance and fend off a time-scarcity mentality.
  • Exercise. Start exercising with a friend, or make appointments with a personal trainer. It makes you more likely to stick to a healthy lifestyle, which can relieve stress.
  • Food. Make one grocery trip each week, plan meals, and stock up on healthy foods. Because a scarcity mindset hinders impulse control, planning can help you avoid diet pitfalls.
  • Family time. Ensure weekly family time by signing up for an activity or outing you can all do together.
  • Self. Free up some time for yourself every week to relax and refocus your energy, even if it’s just a few hours. Managing your time better can help you avoid the feeling of going nonstop.
What Is Scarcity Mentality? (2024)

FAQs

What Is Scarcity Mentality? ›

A scarcity mindset is when you are so obsessed with a lack of something — usually time or money — that you can't seem to focus on anything else, no matter how hard you try.

What is a scarcity mentality? ›

Scarcity Mindset can be defined as a pattern of thinking that focuses on what you don't have and the underlying belief that you're not ever going to have the things that you want, even when you have access to basic needs, like food, water, housing, income, etc.

What is scarcity answers? ›

Scarcity is one of the key concepts of economics. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy.

What is the root cause of the scarcity mindset? ›

The research is still in its infancy, but it would seem that a scarcity mindset often stems from various deep-rooted causes (Peterson, 2020). Examples of causes include childhood experiences, societal and cultural influences, personal traumas and setbacks, and cognitive biases (Belk et al., 2023; Jiang et al., 2024).

Why do humans have a scarcity mindset? ›

The instability, anxiety, and fear associated with potentially not being able to meet basic needs can push people to obsess over resource access. This might not be an actual danger or actual lack; the worry itself can cause a scarcity mindset.

What is scarcity behavior? ›

Scarcity is basically how people handle satisfying themselves regarding unlimited wants and needs with resources that are limited. Humans place a higher value on an object that is scarce, and a lower value on those that are in abundance.

What are 3 examples of scarcity for an individual? ›

The most common scarcity examples are money scarcity, land scarcity, and time scarcity.

Which answer best describes scarcity? ›

Answer and Explanation:

Scarcity is an economic problem, and it is defined as the gap between the unlimited wants of individuals and limited resources in the economy.

What is the easiest definition of scarcity? ›

In general, scarcity refers to the idea that resources are limited, but our wants and needs are unlimited. Scarcity is the concept that resources are only available in limited supply, whereas society's demand for those resources is unlimited.

What is the best example of scarcity? ›

Scarcity examples typically involve non-renewable resources, such as oil, precious metals, and helium. But renewable resources can be scarce too if they're being consumed faster than their ability to replenish (e.g. over-fishing, excess use of fresh water).

How to fix scarcity mindset? ›

How to Snap Out of Scarcity
  1. Focus on what you have. Scarcity often scares people from making career changes because they think there aren't enough opportunities. ...
  2. Surround yourself with positive people. The people around you will influence you. ...
  3. Practice gratitude. ...
  4. Recognize the possibilities.
Feb 25, 2024

What does the Bible say about a scarcity mindset? ›

Matthew 6:33 puts it this way: “Seek first his kingdom and his righteousness, and all these things will be given to you as well.” 2. A scarcity mindset contributes to feelings of greed and envy.

What is scarcity mindset in relationships? ›

Connection to Relationships

They may stay with a partner who doesn't meet their needs, fearing that without them, they will never be able to find anyone. Those with a scarcity mindset may also have a fear of rejection, believing that they will never be able to show up in the way that is needed for someone else.

What is an example of a scarcity mentality? ›

Here are a few examples of what a scarcity mindset can look like:
  • Weight: If you have to start cutting out certain foods to try to lose weight, you may develop a scarcity mindset and become harmed by it. ...
  • Time: Possibly, you're worried about the loss of time in your day-to-day life.
Nov 30, 2022

How to heal scarcity trauma? ›

Positive Affirmations: Use positive affirmations to reframe your thinking and reinforce abundance beliefs. Affirmations such as “I have all that I need,” “Opportunities are abundant,” or “I deserve abundance in all areas of my life” can help replace scarcity thoughts with more empowering ones.

What is the root of scarcity? ›

Scarcity is an economic concept where individuals must allocate limited resources to satisfy their needs. Scarcity occurs when demand for a good or service is greater than availability. Scarcity affects the monetary value individuals place on goods and services.

What are 3 characteristics of scarcity? ›

In economics, scarcity refers to limitations–limited goods or services, limited time, or limited abilities to achieve the desired ends. Life would be so much easier if everything were free!

How to break a scarcity mindset? ›

How to develop a more abundant mindset
  1. Foster collaborative relationships. Your environment matters. ...
  2. Practice gratitude. Gratitude can help you be aware of what you do have, instead of fixating on what you don't. ...
  3. Notice and redirect automatic thoughts. ...
  4. Advocate and give support.
Nov 14, 2022

What is an example of a lack mentality? ›

For example, you're on a diet, and all you can think about is the food you can't eat anymore. A scarcity mindset is when you are so obsessed with a lack of something — usually time or money — that you can't seem to focus on anything else, no matter how hard you try.

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