Why Being Poor is More Expensive Than Being Rich
According to the Census Bureau, more than 37 million people in the country live below the poverty line.
1. Bank Fees
Some businesses don’t even accept paper money anymore. Renting an apartment? Don’t bring that shoebox full of dollar bills. Many places are now strictly debit or credit. And they don’t care whether it’s from a bank account that has actual funds, or one which is overdrawn and charging ridiculous fees every day that it has a negative balance. If you’re poor, you better be really good at budgeting — or begging that the bank kindly cancel your overdraft fees, which can be upwards of $35 per day. For some, that’s food for a week.