How scarcity makes ordinary life more expensive, why financial instability compounds, and what it takes to break the cycle. WEALTHSERPENT | FORTUNE | FEATURE There is a peculiar cruelty in the economics of poverty: the people with the least money are frequently required to pay the most for the ordinary business of living. A household with savings can purchase a reliable vehicle, maintain it properly, and absorb an unexpected repair. A household without savings may have to finance an aging car at an unfavorable interest rate, postpone maintenance, and eventually...
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