A new study by the Brookings Institution found that the urban poor pay hundreds and sometimes thousands of dollars a year in extra costs for necessities, such as car insurance, home appliances, banking fees and other basics. (NYT link)
Study Documents Ghetto Tax Being Paid by the Urban Poor
By ERIK ECKHOLM
WASHINGTON, July 18 Drivers from low-income neighborhoods of New York, Hartford and Baltimore, insuring identical cars and with the same driving records as those from middle-class neighborhoods, paid $400 more on average for a years insurance.
The poor are also the main customers for appliances and furniture at rent to own stores, where payments are stretched out at very high interest rates; in Wisconsin, a $200 television can end up costing $700. link