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Catherine's avatar

I saw someone say on Twitter (my universe) yesterday: it’s terrifying how expensive it is to be poor.

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Blissex's avatar

Indeed, and Barbara Ehrenreich wrote a specific book about that: "Nickel and Dimed: On (NOT) Getting By in America". A number of businesses and rentiers make big profits by knowing that poor people are short of savings and cash and thus charge them disproportionately more for smaller purchases and fees when they have troubles etc.

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Katisha's avatar

This!! I suggested Ehrenreich for the book review. Most shocking to me was how many corps would only pay out salaries on debit cards, whether you had a checking account or not. Then when you used the debit card to make purchases, fees were deducted. The larceny and usury is devastating.

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Commentorinchief's avatar

What do you expect when 70% of the country is financially illiterate? Our public indoctrination centers(schools) don’t teach what needs to be taught. Don’t even get me started on civics. It is even worse.

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