The Financial Diet

5 Things That Are More Expensive For Poor People (2021x41)

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Click here to get your tickets to TFD's Career Day! If you can't join live, you'll still receive a recording of each session: https://www.eventbrite.com/e/career-day-tickets-137701473815?aff=YouTubePromo In this episode, Chelsea talks about the high costs of poverty, and the higher premiums people living in poverty often have to pay. Federal poverty line: https://aspe.hhs.gov/poverty-guidelines Food spending stats: https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/food-prices-and-spending/#:~:text=In%202019%2C%20households%20in%20the,representing%208.0%20percent%20of%20income Lower cost of less nutritious food: https://naldc.nal.usda.gov/download/34238/PDF#:~:text=In%20rural%20areas%2C%20food%20prices,percent%20above%20the%20national%20average Food deserts: https://foodispower.org/access-health/food-deserts/ Auto loan interest rates: https://www.creditkarma.com/auto/i/what-are-subprime-auto-loans Necessity rental prices: https://www.nerdwallet.com/article/finance/rent-a-center-prices Cost of frequent moves: https://www.census.gov/prod/1/statbrief/sb94_18.pdf Working multiple jobs: https://www.census.gov/library/stories/2019/06/about-thirteen-million-united-states-workers-have-more-than-one-job.html Health insurance premiums: https://www.ehealthinsurance.com/resources/small-business/average-cost-of-employer-sponsored-health-insurance No health insurance: https://www.census.gov/newsroom/press-releases/2020/income-poverty.html#:~:text=The%20number%20of%20people%20in,point%20during%20the%20year%2C%20respectively.&text=The%20Supplemental%20Poverty%20Measure%20 Annual physical costs: https://health.costhelper.com/physical-exam.html Recurring bills: https://www.washingtonpost.com/news/posteverything/wp/2018/01/25/why-it-costs-so-much-to-be-poor-in-america/ Bank fees: https://www.thebalance.com/bank-fees-you-need-to-stop-paying-3576590 Need-based programs costs: https://files.eric.ed.gov/fullte