insecurity

The Wealth and Poverty of Nations (and Neighbors)

sastyk | January 23, 2012

This is a revised version of a post that appeared three years ago, towards the start of the recession. It seems just as relevant, maybe more relevant, now. A while back there was a study that suggested that it is more expensive to be poor in the US in some ways, than it is to be rich. And to anyone who has actually been poor, this probably made perfect sense. Among the ways that being poor cost you money: 1. Your infrastructure is limited, so you are limited to what fits in your infrastructure - for example, you don't have a car, so you can only shop at the convenience stores or those on…