Building Family Economic Success: The High Cost of Being Poor

By the Annie E. Casey Foundation

August 1, 2005

Summary

This two-page fact sheet spotlights a disturbing trend: Families who are already struggling to make ends meet are also paying some of the highest prices for basic staples of American life. It is one document in a 10-part series devoted to sharing ways that the Foundation is helping to economically empower families across the country. 

Key Takeaway

Living Paycheck to Paycheck, Yet Paying More for Basic Goods

Compared to their middle-class suburban counterparts, low-income households in urban and rural areas often pay thousands of dollars more for everything from groceries to mortgages. This income drain can destabilize family finances while deepening a spiral of disinvestment and decay that can undercut entire communities. 

Findings & Stats

Statements & Quotations