I was looking for a comment just like this! It seems when anyone talks about household expenses, just like this article, we get the same list: housing, food an

I was looking for a comment just like this! It seems when anyone talks about household expenses, just like this article, we get the same list: housing, food and transportation. I don't know why the cost of debt isn't right in the mix. Maybe it is assumed debt is paying for these other things, so when debt is paid off, the expense is just chalked up to the underlying housing, food or transportation costs. However, it ignores the fact debt carries its own costs which are significantly more expensive for the poor and the interest alone, especially on payday loans as you noted, could probably rival food and transportation costs of the poor.