Being poor is expensive…
®Drinking Water
®4-100x the cost compared to middle class
®Lima, Peru: 20x base cost, plus transportation
®Food: 20-30% more (even in poor areas of US)
®Credit:
®10-15% interest/day is common (>1000% APR)
®GrameenBank is 50% APR
®Cell phone:
®$1.50/minute prepaid (about 10x) in Brazil