Expense of Being Poor

Some people think being poor is living paycheck to paycheck. The reality can be much worse.

Some people dont have the luxury of being able to go even short periods of time without income.

I think a lot of people have not been in this situation or have not really experienced the level of poverty that these people live.Managing money is not that hard. Abbot also mentions that she knows how much she's paying, she's not blind to it.I think what people don't understand is the intense amount of stress that poverty causes and how it affects your judgement. When you're in a spot so bad that you have maybe $20 a week for food and have bills and collections wantin

You don't understand that sometimes people don't hove money?

It's almost like... some people don't have enough money to live irresponsibility or luxuriously.

I think people miss how expensive it is to be poor.

Some people were never in a financial position to create 3-6 months of savings. Being poor is expensive. You buy in smaller quantities are pay more per unit. Poor people don't have money lying around: they are poor. "Too bad" is an unacceptable policy solution. When these folks can't pay their rent/mortgage/bills, it will have follow-on effects and rip the economy.

What you describe has something to do with this: Being poor is expensive.Everyone who struggled financially at some point in their time intuitively knows how much harder it is to make (and keep) money if you're poor. Saving your first 10 bucks is _way_ harder than saving your first 100 bucks so to speak.And this is even more true if you're losing money / are behind. Paying off a dollar of debt is monumentally harder than saving a dollar. And it is much more taxing and stress

Another way it's extremely expensive to be poor.

Being poor is incredibly expensive.