Cost of poverty
Poor people often incur higher expenses due to lack of options / From Wikipedia, the free encyclopedia
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A cost of poverty, also known as a ghetto tax,[1] a poverty premium,[2] a cost of being poor, or the poor pay more,[3] is the phenomenon of people with lower incomes, particularly those living in low-income areas, incurring higher expenses, paying more not only in terms of money, but also in time, health, and opportunity costs.[4][5][6] "Costs of poverty" can also refer to the costs to the broader society in which poverty exists.[7][8]
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. (August 2021) |