• 149: Why It's More Expensive To Be Poor AKA Poverty Penalty

  • 2024/11/21
  • 再生時間： 44 分
  • ポッドキャスト

149: Why It's More Expensive To Be Poor AKA Poverty Penalty

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  • Ang ironic, di ba? The less money you have, the more expensive life becomes. It sounds counterintuitive, but this is the harsh reality for many Filipinos.

    Everyday expenses like healthcare, housing, transportation, and even food cost more for those who are struggling financially. And the worst part? These costs trap people in a cycle of poverty.

    According to studies, people living in poverty face what’s known as the "poverty penalty." The limited resources and options available to them lead to higher costs and fewer opportunities to escape their financial struggles.

    In today’s episode, we’re going to dive deep into why it costs more to be poor in the Philippines, from direct and systemic costs to hidden barriers and how we can start addressing these issues—both as a society and individually.

    What You'll Learn:

    1. The concept of the "Poverty Penalty"

    2. Systemic inequalities that trap people in poverty

    3. Hidden costs of being poor

    4. Debunking the myth of poor financial choices

    5. Solutions at both systemic and individual levels

    Join our Patreon Community today: https://whop.com/hub/peraandpurpose/
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あらすじ・解説

Ang ironic, di ba? The less money you have, the more expensive life becomes. It sounds counterintuitive, but this is the harsh reality for many Filipinos.

Everyday expenses like healthcare, housing, transportation, and even food cost more for those who are struggling financially. And the worst part? These costs trap people in a cycle of poverty.

According to studies, people living in poverty face what’s known as the "poverty penalty." The limited resources and options available to them lead to higher costs and fewer opportunities to escape their financial struggles.

In today’s episode, we’re going to dive deep into why it costs more to be poor in the Philippines, from direct and systemic costs to hidden barriers and how we can start addressing these issues—both as a society and individually.

What You'll Learn:

  1. The concept of the "Poverty Penalty"

  2. Systemic inequalities that trap people in poverty

  3. Hidden costs of being poor

  4. Debunking the myth of poor financial choices

  5. Solutions at both systemic and individual levels

Join our Patreon Community today: https://whop.com/hub/peraandpurpose/
続きを読む 一部表示

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