An ancient piece of common wisdom says the poor get poorer and the rich get richer (in fact it’s as ancient as the Bible). We’ve all experienced this in small ways in our daily lives in the form of bank fees if our account falls below a certain minimum amount, or in the higher interest rates we pay on a loan given the fact that we don’t have a yacht to put up as collateral. But lately it seems like this proverb has shifted to “the poor get poorer and holy crap don’t tax the rich — who else is going to generously provide menial minimum-wage jobs to the poor?!”
In case it doesn’t go without saying, being poor is really super awful in ways most people fail to think about. Well, “most people” might be stretching it, since statistically speaking, the percentage of Americans living in poverty is at its highest point in more than a decade, not to mention that the poverty line is $22,350 for a family of four. Try supporting just yourself on that and see how not poor you feel. So for the sake of re-affirming the obvious, let’s dive into the actual reasons why the poor stay poor in America.
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