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Cost of Being Broke

Being poor is expensive. High interest rates, no bulk buying, late fees. Quantify the poverty premium.

High-interest loan extra/mo ($)

Unable to buy in bulk/mo ($)

Late fees/mo ($)

Insurance no-annual-pay premium/mo ($)

Bank fees/overdraft/mo ($)

Pay-as-go vs contract/mo ($)

Missed discounts (no cashflow)/mo ($)

Emergency payday loan cost/mo ($)

Monthly poverty premium

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Annual total

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10yr total

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Being poor costs money. This premium makes it harder to escape. Naming it is the first step.