I wonder if there has been studies to show how much more expensive it is to live poor than rich?
For example:
- Poor pay interest in credit card, rich pay credit card instantly and get the rewards.
- Poor pay high prices for small items, rich pay high price for bulk items which in turn costs less overall per quality.
- Poor rent, rich own houses and put monthly payment into equity.
- Poor borrow money paying interest on student loans, rich go to best school with no debt at the end.
- Poor tend to eat worse and have more health problems than rich which ends up costing more.
Some items paid over time end up costing twice as much. Bottom line is poor people pay a lot more than rich people and many times go into bankrupcy just trying to live normally. A rich person looks at the poor person's monthly rent and yearly income and wonder why the person can't live. It's because the cost to poor people, that rich people do not have to go through, is so great that it cripples them.
2007-03-01
11:29:07
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9 answers
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asked by
Tasm
6