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The poor already pay more for using cash. They pay the same amount as people using credit cards and don’t get any of the rewards/cash back that the more afflue
by scarface74 4y ago
The poor already pay more for using cash. They pay the same amount as people using credit cards and don’t get any of the rewards/cash back that the more affluent do
- 1_1xdev1 4y agoAre you trying to justify making the poor pay even more by suggesting they already bear the burden?
- scarface74 4y agoI’m not trying to justify anything. I’m saying it’s naive to think that the poor don’t already pay more.
- DoctorOW 4y agoNobody said they don't already pay more
- mc32 4y agoMaybe but using CCs is even more expensive for the poor given their propensity to not pay their balances in full for multiple reasons; so from that PoV cash is cheaper.
- scarface74 4y agoAnd the poor also use pay day loans and overdraft more and pay overdraft fees. Even paying credit card interest at 20% a year is cheaper than paying a $36 overdraft fee when your account is $5 negative for a couple of days until pay day.
- ChewFarceSkunk 4y ago[dead]