The "Ghetto Tax"

We all know it exists. But, as always, it takes acknowledgement by the RWM to validate it.

Here's the article in the NY Times:
Study Documents ‘Ghetto Tax’ Being Paid by the Urban Poor
"Drivers from low-income neighborhoods of New York, Hartford and Baltimore, insuring identical cars and with the same driving records as those from middle-class neighborhoods, paid $400 more on average for a year’s insurance."
"The poor are also the main customers for appliances and furniture at “rent to own” stores, where payments are stretched out at very high interest rates; in Wisconsin, a $200 television can end up costing $700."

Click here for the actual article by The Brookings Institute.

- Vox