You have to be rich to be poor.And the above image was photographed by Lois Raimondo for The Washington Post. The caption read "Harrison Blakeney pays his phone bill through a check-cashing operation that charges 10 percent extra to send the payment. 'That's how they make their money,' he says."
That's what some people who have never lived below the poverty line don't understand.
Put it another way: The poorer you are, the more things cost. More in money, time, hassle, exhaustion, menace. This is a fact of life that reality television and magazines don't often explain.
So we'll explain it here. Consider this a primer on the economics of poverty.
Wednesday, May 20, 2009
the economics of poverty
DeNeen L. Brown over at The Washington Post wrote a really valuable article about the high cost of poverty. It is absolutely worth reading. Here's an excerpt:
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