Some think that being poor is simple. You don’t have enough money to buy a lot of stuff, so you’re forced to buy less stuff. But that’s not really how it works. When you’re broke, you can’t do all the little things that will improve your budget over the long run. It actually costs more to be poor.
Source: Being Poor Is Too Expensive
It’s been a long, long time for me to dig out of the hole I was in. While it was never that deep, you’re always uncomfortably aware how much you can fall in a really short amount of time.
Raising the minimum wage won’t solve this, no matter how much politicians assure everyone it is the magic silver bullet needed.