https://fountain.fm/clip/Qxo5SgQMTdVeJw1gDXmh

In the case of wealth vs time preference I do agree that those who are more wealthy can afford to have higher time preference. It is a percentage of resources needed for immediate physical needs as a function of available resources. For those spending 80-100% percent of thier money on daily needs (food,housing,etc) they have no option at all to wait for that money to sit for any period of time, whereas the cery wealthy can put 98%plus into long term higher yielding investments and choices and not put a dent in living expenses funds.