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About this quote

What does it mean?
Poverty carries hidden costs that make it financially more burdensome than wealth.
In plain terms
Being poor costs more money than being rich.
What can you take from it?
Recognize the hidden financial penalties of poverty.

Where it applies

  • policy analysis
  • personal finance
  • social work

Putting it to work

  • designing aid
  • budgeting on low income

Questions to consider

  • What hidden costs does poverty have?
  • How do systems penalize the poor?

Another view

It focuses on financial costs rather than social ones.

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