Published On Oct 7, 2022
In this video, you will learn why it is more expensive to be poor than wealthy. Unfortunately, the reasons are not covered by mainstream media outlets, and the world needs to know the underlying factors that contribute to this growing phenomenon.
Money is a wicked beast and a sensitive topic for almost everyone. Here are 5 reasons why it is more expensive to be poor. Here is a quick overview of what is more expensive for those with less money:
- Cheap Items Break Faster
- You Can't Save Money for Emergencies
- Housing Costs More
- Poverty Destroys Your Health
- Health Insurance is a Mess
Timestamps:
0:00 Intro
0:34 Why Should You Care About Poverty?
0:51 The Federal Poverty Line
2:14 Reason #1: Cheap Items Break Faster
2:52 Reason #2: You Have Less for Emergencies
3:37 Reason #3: Housing Costs More
4:16 Reason #4: Poverty Destroys Your Health
5:07 Reason #5: Health Insurance is Also a Mess
5:44 Quick Recap on Why Being Poor is More Expensive
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#money #finance #economics #personalfinance #wages