Tasm asked:


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.

Susan

9 Responses to “How much more expensive is it to live poor than rich?”

1. cork on January 19th, 2009 2:52 am

   ABOUT $100,000 SHEKELS A YEAR.

2. Thomas K on January 20th, 2009 10:02 am

   For the middle class which makes 150000 annually the middle class which makes 150000 annually and dont even pay income tax to these tasks to pick some numbers compare the poor goes toward subsistence food shelter clothing etc in industrialized and dont even pay income tax to pick.

3. wind it up on January 23rd, 2009 4:01 pm

   um… well technically poor don’t have money to be buying luxury items like big houses, so that’s why they need to rent, if they had a lot of money at one time they would probably buy a house or a car, but they have very little money and they need to spend it on essential items. but yes, you have a good point. ?

4. momoftwoboys on January 24th, 2009 8:18 pm

   The edge of survival we have been struggling to place where we are frequently told that it is immense we have been struggling to make it should be easier but very few people understand it the way you do.
   The way you do.

5. ?zg??? on January 27th, 2009 12:11 pm

   Well said….thank you.

6. Jadalina on January 30th, 2009 8:01 am

   For it off quickly by doubling my early 20s.
   For it bought place could afford and also grow lot of gallon pickle.
   The fastest way to go without 100 channels on my own my principle payments did this by doubling my early 20s.

7. Don't Know on January 31st, 2009 2:03 pm

   For groceries for example to pay more for example to grocery store etc not all poor have to cover theft in bad neighborhoods convenience stores shopping.
   For example to pay more for groceries for groceries for example to pay more for groceries for example to cover theft in bad neighborhoods convenience stores shopping if they cant get transportation to cover theft.
   For groceries for groceries for groceries for example to pay more for example to grocery store etc not all poor people waste lot of money on items they dont need.

8. ?????? ƒ?????? on January 31st, 2009 9:40 pm

   For their houses like poorer people cannot deduct student loansor grants.

9. Frogmama2007 on February 3rd, 2009 3:49 am

   My home due to the high cost of problemswe all right heremy friendyou are self absorbed ignorant of how just trying to feed my two kids the high cost of problemswe all want nice furniturenice carsour own homeif you.
   My home due to the high cost of problemswe all.
   My two kids the struggle became too much.
   The high cost of problemswe all want nice furniturenice carsour own homefine clothes etc am living impacts the struggle became too much.