Toilet Paper, Car Insurance, College Among Things Poor People Pay More to Acquire

The price of being poor

 

NATIONAL STUDY – The belief that a “poor tax” exist for people who are financially challenged is real, according to a recent Lifehacker.com article by Kristin Wong.

Wong analyzed data from several national reports that conclude poor people pay more for necessary things like bank accounts, car insurance and toilet paper.

Even college cost more for people who are financially strapped despite many scholarships and financial aid offerings available to them, Wong said.

She goes on to write, “many colleges, especially private ones, use a method called “gapping” to squeeze more money out of poorer students—or discourage them from attending altogether.”

Learn more by reading Kristin Wong’s article “The stuff that cost more when you’re poor.”