Poor people often incur higher expenses due to lack of options
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate.(August 2021) (Learn how and when to remove this message)
Part of a series on
Economics
History
Outline
Index
Branches and classifications
Applied
Econometrics
Heterodox
International
Micro / Macro
Mainstream
Mathematical
Methodology
Political
JEL classification codes
Concepts, theory and techniques
Economic systems
Economic growth
Market
National accounting
Experimental economics
Computational economics
Game theory
Operations research
Middle income trap
Industrial complex
By application
Agricultural
Behavioral
Business
Cultural
Demographic
Development
Digitization
Ecological
Education
Engineering
Environmental
Evolutionary
Expeditionary
Feminist
Financial
Geographical
Happiness
Health
Historical
Humanistic
Industrial organization
Information
Institutional
Knowledge
Labour
Law
Managerial
Monetary
Natural resource
Organizational
Participation
Personnel
Planning
Policy
Public
Public choice / Social choice theory
Regional
Rural
Service
Socio
Sociological
Solidarity
Statistics
Urban
Welfare
Notable economists
de Mandeville
Quesnay
Smith
Malthus
Say
Ricardo
von Thünen
List
Bastiat
Cournot
Mill
Gossen
Marx
Walras
Jevons
George
Menger
Marshall
Edgeworth
Clark
Pareto
von Böhm-Bawerk
von Wieser
Veblen
Fisher
Pigou
Heckscher
von Mises
Schumpeter
Keynes
Knight
Polanyi
Frisch
Sraffa
Myrdal
Hayek
Kalecki
Röpke
Kuznets
Tinbergen
Robinson
von Neumann
Hicks
Lange
Leontief
Galbraith
Koopmans
Schumacher
Friedman
Samuelson
Simon
Buchanan
Arrow
Baumol
Solow
Rothbard
Greenspan
Sowell
Becker
Ostrom
Sen
Lucas
Stiglitz
Thaler
Hoppe
Krugman
Piketty
more
Lists
Glossary
Economists
Publications (journals)
Schools
Business portal
Money portal
v
t
e
A cost of poverty, also known as a ghetto tax,[1] a poverty premium,[2] a cost of being poor, or the poor pay more,[3] is the phenomenon of people with lower incomes, particularly those living in low-income areas, incurring higher expenses, paying more not only in terms of money, but also in time, health, and opportunity costs.[4][5][6] "Costs of poverty" can also refer to the costs to the broader society in which poverty exists.[7][8]
^"The Hidden Costs of Poverty". The Billfold. 2018-10-19. Retrieved 2021-02-02.
^Russell, Lucie; Packman, Carl (2019-04-24). "The poverty premium". Centre for Excellence in Community Investment. Archived from the original on 2023-03-15. Retrieved 2023-06-20.
^Kaplan, George A. (September 2009). "The Poor Pay More — Poverty's High Cost to Health" (PDF). University of Michigan.
^Eckholm, Erik (19 July 2006). "Study Documents 'Ghetto Tax' Being Paid by the Urban Poor". The New York Times. Retrieved 14 August 2011.
^Talukdar, Debabrata (2008). "Cost of Being Poor: Retail Price and Consumer Price Search Differences across Inner-City and Suburban Neighborhoods". Journal of Consumer Research. 35 (3): 457–471. doi:10.1086/589563. JSTOR 589563.
^Cite error: The named reference :1 was invoked but never defined (see the help page).
^Holzer, Harry J.; Schanzenbach, Diane Whitmore; Duncan, Greg J.; Ludwig, Jens (24 January 2007). "The Economic Costs of Poverty". Center for American Progress. Retrieved 2021-02-03.
A costofpoverty, also known as a ghetto tax, a poverty premium, a costof being poor, or the poor pay more, is the phenomenon of people with lower incomes...
proportion of this estimate, so economists track the real estate market and other housing cost indicators as a major influence on the poverty line. Individual...
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a certain standard of living. Poverty can have...
differences in the costof living. The SPM is considered a more comprehensive estimate ofpoverty. For 2021, the percentage of Americans in poverty per the SPM...
Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift...
well-established. Costof living pressures may lead to household energy insecurity or fuel poverty as well as housing stress. Costof living is the costof maintaining...
the higher costof renting compared to home ownership, higher interest rates for loans to impoverished people, the effects of food poverty on educational...
The culture ofpoverty is a concept in social theory that asserts that the values of people experiencing poverty play a significant role in perpetuating...
Extreme poverty is the most severe type ofpoverty, defined by the United Nations (UN) as "a condition characterized by severe deprivation of basic human...
In economics, a cycle ofpoverty or poverty trap is when poverty seems to be inherited causing subsequent generations to not be able to escape it. It is...
studies of the costof living across the world, The World Bank raised the measure for global poverty line to reflect the observed higher costof living...
Poverty in Ontario refers to people living in the province of Ontario, Canada who are deprived of or facing serious challenges in meeting basic needs...
The causes ofpoverty may vary with respect to nation, region, and in comparison with other countries at the global level. Yet, there is a commonality...
impact of the poverty penalty phenomenon has been observed across a range of products and services, including energy and insurance. Costofpoverty Extreme...
announced the establishment of Canada's first Official Poverty Line to be based on the MBM. The MBM considers the costof a basket of basic goods and services...
employment, thereby reducing the need to work, reducing the rewards of work and exacerbating poverty. On the other hand, socialists typically criticize the welfare...
Diseases ofpoverty, also known as poverty-related diseases, are diseases that are more prevalent in low-income populations. They include infectious diseases...
gentrification Costofpoverty Urban Retrofit Finio, Nicholas (2022). "Measurement and Definition of Gentrification in Urban Studies and Planning". Journal of Planning...
The war on poverty is the unofficial name for legislation first introduced by United States President Lyndon B. Johnson during his State of the Union Address...
compared US bitcoin ATMs to payday loans, as both are poverty industries which increase the costofpoverty by charging significantly higher fees to people...
Poverty in the United Kingdom is the condition experienced by the portion of the population of the United Kingdom that lacks adequate financial resources...
proportion of the poverty line. By summing these poverty gaps we derive the minimum costof eliminating poverty. This method is only reasonable if the transfers...
Poverty in Italy deals with the level ofpoverty and homelessness in the Western European country of Italy. The poverty rate in Italy has increased since...
The mission of CWP is to relieve poverty in Canada by educating Canadians about the human and financial costofpoverty and by identifying public policy...
Rural poverty refers to situations where people living in non-urban regions are in a state or condition of lacking the financial resources and essentials...
absolute national poverty (as defined by the National Bureau of Statistics [NBS]) and the World Bank reports that 0.2% and 0.1% of the population live...