Week 17: Poverty Struggles

"Nothing is more difficult, and therefore more precious than to be able to decide."

Napoleon Bonaparte

A common misconception about those who struggle with poverty is that they make poor financial choices. However, the reality is that most, if not all the choices that are available to them, are working to keep them poor The choices that could help alleviate some of their problems are often out of their reach or not available. In this week's Tuesday Fix, we will explore the true price of poverty, and what can be done to truly help fix these issues.

1. Why It's More Expensive To Be Poor: It’s not just a matter of having less money. For many people below the poverty line, some goods and services can actually be MORE expensive. How can that be? This video explains the unique challenges that only those who are impoverished face.

Watch Why It's More Expensive To Be Poor by Two Cents

2. The Price of Being Poor: This video is a good video to watch after the first one. It expands on the similar issues of dealing with poverty and paying for items one needs. It also goes into details the roles that banks have had in this crisis.

Watch The Price of Being Poor | Banking Services by Knowing Better

3. Postal Banking: An old solution to a new problem: In this Ted Talk, Mehrsa Baradaran covers a quick explanation on some of the problems that people who are impoverished face, and presents a solution to this problem that actually used to exist, but was pushed out and does not exist today.

Watch Postal Banking: An old solution to a new problem by Mehrsa Baradaran | TEDxUGA

Call to Action: Take a look at the choices you have made in your recent life. What were the options you had presented to you? What options did you not have to even consider? Try to recognize what choices were presented to you, and how you could help others have those choices.

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