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The poor are paying more and more for everyday purchases, a new study warns

May 21, 2016 /

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The poor often spend more on all kinds of things. Households that have less money to spare in any given week, for example, are forced to buy toilet paper and similar goods in small packages, increasing the prices they pay. In addition, poor families must rely on a whole range of alternative financial services, which might charge exorbitant fees and expose customers to serious risks.

New research suggests that these disparities might only be getting worse.

By Max Ehrenfreund

Full Story: https://www.washingtonpost.com/news/wonk/wp/2016/05/20/the-poor-pay-more-for-everyday-purchases-and-its-getting-worse-a-new-study-warns/

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