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In keeping with this theory, heres a look at six waysbeing poor is more expensive than being rich.
According toKFF.org, the financial implications of delayed care are huge.
Unfortunately, many of those who earn lower incomes cant afford to create an emergency fund.
Which means when disaster strikes, they end up borrowing money to get by.
Services like check cashing, payday loans and rent-to-own financing can prey on poorer individuals with exorbitant rates.
This means lower-income individuals are commonly charged higher rates than their wealthier counterparts.
In fact, according to a survey conducted by theU.S.
And neither is a $65 Costco membership fee.
Unfortunately, this just isnt feasible for many.
Time Suck
Its often said that time is money.
However, its important to remember that its a marathon, not a sprint.
So is not attaching yourself to any one narrative.
While circumstances cant turn around overnight, there may be ways to slowly improve them.
Instead of buying the highest-quality boots, perhaps budget for aslightly better-quality pair.
Small adjustments can add up over time.
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