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Three Big Reasons It Costs More to Be Poor

While even high-earning Americans often struggle with money, making ends meet is particularly difficult for the poor. Americans in the lowest income bracket spend an astonishing 182% of their income. No, that’s not a misprint. The poorest people spend a lot more than they earn, often going into debt or depleting savings to make up the difference.  You don’t have to be a genius to realize that’s a big problem, with far-reaching ramifications for society as a whole.
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