It’s not just a matter of having less money. For many people below the poverty line, some goods and services can actually be MORE expensive. How can that be?
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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Dano Johnson
Images by: Shutterstock
Music by: APM
SOURCES:
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702053.html
https://money.cnn.com/2017/11/28/news/economy/grocery-store-prices-wealth/index.html
https://www.economist.com/united-states/2015/09/03/its-expensive-to-be-poor
http://www.investmentzen.com/news/its-more-expensive-to-be-poor/
https://www.theatlantic.com/business/archive/2014/01/it-is-expensive-to-be-poor/282979/
https://mic.com/articles/108068/astonishing-poll-shows-what-rich-people-really-think-of-the-poor#.OvezVY2Op
https://www.nytimes.com/2011/09/25/opinion/sunday/is-junk-food-really-cheaper.html
https://mic.com/articles/126508/5-reasons-why-being-poor-is-actually-incredibly-expensive#.TWtVLGBu0
https://www.brookings.edu/opinions/the-high-price-of-being-poor/
https://mashable.com/2015/12/08/supermarkets-food-deserts/#MGDIl2_UuSqp
https://wallethub.com/edu/credit-card-interest-rates/52541/
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4772793/
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5580618/
https://flowingdata.com/2018/02/08/how-different-income-groups-spend-money/