Poverty premium: Why it costs £736 a year more to be poor

Comments

• Zombie@feddit.uk ⁨1⁩ ⁨day⁩ ago

  Pretty much boots theory.

  The Sam Vimes theory of socioeconomic unfairness, often called simply the boots theory, is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.

  en.wikipedia.org/wiki/Boots_theory

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• Armand1@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Another one I discovered lately: if your credit rating is too low, you can’t get internet with some companies because they do a credit check, despite having internet access being a fundamental need of living in society.

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