5 Things That Are More Expensive For Poor People financial diet

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5 Things That Are More Expensive For Poor People

5 Things That Are More Expensive For Poor People

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5 Things That Are More Expensive For Poor People
financial diet
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27 comments

Alias Fakename 26/09/2021 - 6:31 PM

US poverty is a lot like antebellum slavery: yeah, other countries had slaves too but it's nothing compared to how the US implemented slavery. The US capitalized on its group of people by making sure they stayed where they were, so there'd be a steady supply of people to exploit.

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ich123binsimmernoch 26/09/2021 - 6:31 PM

The health care part is so disgusting

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Adora Tsang 26/09/2021 - 6:31 PM

I'd like to see a politician to "undercover boss" as a homeless person in the city for just one day.

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BELEN ORBE 26/09/2021 - 6:31 PM

Wow! Honestly this was by far my most favorite video. I connected with everything that you spoke. Thank you.

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Kimberly W 26/09/2021 - 6:31 PM

Do you support Basic Income or UBI? I think its the best solution to changing the systemic issues you describe here. The top 1% have not been contributing at the same level as the bottom, we need to change that and retip the scales. Our gov should have the resources and incentives to help its people thrive. This cumulative inequality costs the average worker making $50k, a whopping $42k a year.

One other thing I'll say is that, being a part of our political system takes a lot of money, just to donate takes expendable income. Those without are completely shut out of the spaces that make the rules that rule them.

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kimpham54 26/09/2021 - 6:31 PM

Thank you for addressing some of the issues of people dealing with real poverty are going through. Glad that your channel doesn't just talk about the problems of a very specific demographic (and the videos i always get recommended to watch), e.g. youngish middle class professional trying to optimize every aspect of their life

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Mimi Liebling 26/09/2021 - 6:31 PM

Stop saying “for granite” you mean “for granted”

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Hugo Gonzalez 26/09/2021 - 6:31 PM

thank you for making this video!!!!

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Emi Ly 26/09/2021 - 6:31 PM

This is Why the poor can’t pay themselves, get the capital to open that business or afford “emergency funds”

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Sarah L 26/09/2021 - 6:31 PM

Here in canada, at where I work, for non-clients we charge a fee to cash a cheque depending on what the cheque is. (unless it's a federal chq). My advice is to find a bank that has accounts that have a low monthly fee without a minimum balance. it's awful when non-clients come in and tell us about how much money it is for them to cash their cheques. like???? the businesses are literally taking most of the money away?????? honestly sometimes I just waive the cashing fee if it's a small amount. side note, i prefer using cash over plastic.

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Helen Jones 26/09/2021 - 6:31 PM

Seeing the difference between the US and the UK makes me feel so relieved the be British. I grew up poor and yes some of the issues exist here, but we don't have to worry about healthcare, the water company is not legally allowed to switch or restrict your water, there are rules surrounding the fees you can be charged if you go into an unauthorised overdraft and public transport is fairly plentiful and pretty cheap. Even when I was incredibly poor I have only ever met one person who didn't have a bank account and this was just because they were 16 and hadn't sort it out. A cap was also introduced on payday loans in 2015.

I am not saying the UK is perfect (we aren't it is still more expensive to be poor here) but we have less barriers to take us out of poverty.

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Rebecca Anderson 26/09/2021 - 6:31 PM

People in poverty: Can you please cut us a break? Being poor is expensive.
The Government: Ha! You really should have thought of that before you became peasants!

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Danielle Grace-wilson 26/09/2021 - 6:31 PM

When it comes to crypto option or cryptocurrency the lack of strategy is not really a problem the thing is finding one that is lucrative and suites you

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Katie Evert 26/09/2021 - 6:31 PM

Omg Chelsea. I’m fan girling over here bc you are slaying. I feel your energy and it strikes a fire in me.

Your push for human rights and having compassion for people only makes me love you all the more.

Your content is high caliber. And I love your personality. You’re smart, sassy and savvy.

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Teisharocz 26/09/2021 - 6:31 PM

OMG, I thought that was a stuffed animal for some reason until he moved…. great content! Very important, thank you!!!

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Bernice Anderson 26/09/2021 - 6:31 PM

All fines (parking tickets, speeding tickets, etc) hurt poor terribly leaving no rent money, grocery money, Christmas gifts for kids, etc. The exact same fine is given to the wealthy which to them is like throwing pennies on the street….no pain whatsoever.

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Bernice Anderson 26/09/2021 - 6:31 PM

Majority of lower income people have no loopholes or deductions they can take advantage of when paying income taxes…..they pay taxes on every penny after standard deductions written in the forms. Wealthy often pay little or no taxes due to deductions and loopholes….. and affording accountants .

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BasementMinions 26/09/2021 - 6:31 PM

A very important topic

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Bonnie star 26/09/2021 - 6:31 PM

my partner and I cant drive so when he was in his last job he had to walk 4 miles to work. the best thing that has happened to us in the last few years is getting jobs an easy walk from our house.

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cappi dave 26/09/2021 - 6:31 PM

Another great episode! I read an interesting article about how cashless societies negatively impact the homeless. With so many stores going cashless/card only, homeless or working poor people have even less access to goods. The fees of a check cashing business for a minimum wage pay check can sometimes be 30% – 50% of that check. If you don't have a home address, many banking institutions won't give you an account, and job options are limited if you need a employer that will pay in cash rather than checks or direct deposit.

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Rose Benton 26/09/2021 - 6:31 PM

It took me years to get out of poverty. There was a time I lived in my car because I could not find an apartment that I could rent on my very low income. I still live in the same area an public transit is not good you have to have a car.

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Megan 26/09/2021 - 6:31 PM

(chanting softly) boots theory boots theory boots theory

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Jeremy Martin Torres 26/09/2021 - 6:31 PM

Reminds me of the film "In Time".

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Claire P 26/09/2021 - 6:31 PM

Don't forget to include your deductible and out of pocket max! Insurance + deductible is the real cost of your annual. So, despite employer provided insurance, it'll still be $12k for our family.

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Loli Pena 26/09/2021 - 6:31 PM

Growing up we never had health insurance. It was too expensive and “not worth” the money they would take from my parents check as we were “fine”. Thankfully we always had our shots thanks to them being free and dentist check ups (once a yr) were also free in my low income county.

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Alexzandra-Fallon Allen 26/09/2021 - 6:31 PM

Living in proverty costs you time as well, long waits and travels to and from work, school, store etc.

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XDS Carly Fleischmann Not that Carly 26/09/2021 - 6:31 PM

Try living on social security not easy

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