Why is being broke so expensive in Philly? - Generocity Philly

Funding

Aug. 6, 2018 4:31 pm

Why is being broke so expensive in Philly?

Reporting collaborative Broke in Philly's #HighCost series exposes the hidden costs to many essentials, from cell phone contracts to bank accounts.

SEPTA costs more when you're broke.

(Illustration by Steve Teare for Broke in Philly)

Anyone who’s ever had too little money to cover what life throws at you, knows one thing: It’s expensive AF to be broke.

There are countless ways in which those who have less end up paying more: buying in small quantities rather than in discounted bulk; ignoring car servicing because you can’t afford it, only to suffer a breakdown (towing + repair = $$$); not having a bank account because of bad credit, or lacking the minimum balance, and then giving up some of your paycheck every time you cash it.

These small and large burdens cause stress and often take more time than utilizing services built for the financially secure. The heavy toll of broke-ness isn’t limited to the financial: It is physical, emotional, and psychological.

Today, Broke in Philly is launching a new series: The #HighCost of Being Broke. In this first installment, we report on eight areas in which this phenomenon plays out, including banking, transportation, cell phone access, food staples and more. Many of these stories also highlight solutions — policies or programs or options that help alleviate some of the cost born by those who can least afford to take them on.

Throughout 2018 and into next year, we’ll keep this series going, and will delve further into the solutions side a little later on. For now, we’ve love ideas from you about what to report on next. What are the costs that disproportionately affect those with less that we cover? What’s a surprising everyday expense that you’re hit by? When you send us your feedback, tell us your neighborhood, too, because we’d like to start mapping what costs feel like a burden in which neighborhoods.

From our Partners

You can text us at 215-774-3212, hit us up on Twitter @BrokeinPhilly (use #HighCost) or fill out this form.

Thanks for your help. And now check out the links below:

-30-
LEAVE A COMMENT

From our Partners

A quick guide to creating social impact with your personal finances

Vote now: NRG announced the latest 3 nonprofits up for $50,000

On the Table Philly is back Nov. 8 and this time there’s money up for grabs

SPONSORED

Generocity Philly

Nonprofits and startups can win up to $360K at the WeWork Creator Awards

1315 Walnut Street, Suite 1300, Philadelphia, PA 19128

Bread & Roses Community Fund

Project Manager

Apply Now
415 E. Athens Ave., Ardmore, PA

St. Paul's Lutheran Church, Ardmore, PA

Part-Time Controller

Apply Now
Philadelphia

Sustainable Business Network of Greater Philadelphia

Manager, Membership Growth and Stewardship

Apply Now

Peep Hopeworks ‘N Camden youth’s heat maps of the country’s biggest donors

The story behind the Philly United Way’s 37 layoffs

MilkCrate is now building apps for nonprofits

SPONSORED

Generocity Philly

12 Philly immigrants who are ready to mobilize

Bryn Mawr

ElderNet of Lower Merion and Narberth

Executive Director

Apply Now
Radnor, PA (Philadelphia suburbs)

The Association for Frontotemporal Degeneration

Development Manager

Apply Now
Philadelphia, PA

Episcopal Community Services of the Diocese of PA

Financial Specialist

Apply Now

Sign-up for daily news updates from Generocity