I’ve already noted the cor­re­la­tion between a low IQ and poverty, but now The Econ­o­mist has a sum­mary of how poverty and stress affects the brain.

The reduced capac­ity of the mem­o­ries of the poor is almost cer­tainly the result of stress affect­ing the way that child­ish brains develop. […]

To mea­sure the amount of stress an indi­vid­ual had suf­fered over the course of his life, […] researchers used an index known as allo­sta­tic load. This is a com­bi­na­tion of the val­ues of six vari­ables: dias­tolic and sys­tolic blood pres­sure; the con­cen­tra­tions of three stress-related hor­mones; and the body-mass index, a mea­sure of obe­sity. For all six, a higher value indi­cates a more stress­ful life; and for all six, the val­ues were higher, on aver­age, in poor chil­dren than in those who were mid­dle class. […]

The capac­ity of a 17-year-old’s work­ing mem­ory was also cor­re­lated with allo­sta­tic load. Those who had spent their whole lives in poverty could hold an aver­age of 8.5 items in their mem­ory at any time. Those brought up in a middle-class fam­ily could man­age 9.4, and those whose eco­nomic and social expe­ri­ences had been mixed were in the middle.