Why Do People Stay Poor? [pdf]
Easy answer: because expenses are higher for poor people.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.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.Instead of the employer providing any supplies that are needed, the lower class have to buy their own uniforms or tools.Instead of a 5% interest rate on their loan, they have a 25% interest rate.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.