Why Do People Stay Poor? [pdf]
Easy answer: because expenses are higher for poor people.<p>Instead of buying a home, the lower class rent their whole life. Instead of their daddy giving them a home, the middle class pay interest on a mortgage most of their life.<p>Instead of buying a 20-pack of $necessary_product that costs $20 and will last for months, the lower class buy a 2-pack that costs $5 and lasts a couple weeks because they need the $15 to pay rent. And then they have to spend more money on gas (or bus fare, or a taxi, or time and energy walking, or ...) to get to the store again sooner.<p>Instead of the employer providing any supplies that are needed, the lower class have to buy their own uniforms or tools.<p>Instead of a 5% interest rate on their loan, they have a 25% interest rate.<p>Because they don't make enough money to set some aside as savings, they have to pay late fees or NSF fees or overdraft fees.