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Being poor is expensive

The video explains the cost of being poor, what is also known as the cost of poverty, also known as a ghetto tax, a poverty premium, a cost of being poor, or the poor pay more. The video explored the boots theory to explain this phenomenal of poor people paying then the rich. ‪@bongani_menze‬ #documentary #africanstories #moneymindset #moneymanagement #moneytips #beingpoorisexpensive #moneysavingtips #moneymaking #moneymatters #moneymotivation #financialfreedom #money #financialeducation #financialliteracy #investment #investing #costofliving #costofgoodssold #southafrica #costoflivinguk #costoflivinginnetherlands 00:00 The boots theory 00:51 Terry Pratchett writings 01:25 The rich pay less 03:22 Climbing the financial ladder 04:35 The cost of poverty 05:43 Consumer finance 06:27 health for the poor 07:45 Transportation for the poor 08:38 Groceries and access to food 09:48 Justice system 10:56 The schooling system 11:22 The cycle of spending more for less 12:12 The cycle of poverty 15:55 The culture of poverty 18:06 The working poor