No Competitive Edge
One reason low-income families pay more? Mainstream retailers and banks that offer competitive prices are often absent from poor communities.
This issue of Casey Connects examines how America’s working poor pay more for staples and shares the Foundation’s recommendations for eliminating the devastating surcharge. Smaller stories introduce the Foundation’s multiyear Human Services Workforce Initiative and spotlight Casey-celebrated movers and shakers.
The Casey Foundation supports 4 moves to help reduce the high cost of being poor: 1) encouraging retailers to locate in low-income communities; 2) providing education on and access to financial services that build assets and boost credit; 3) enforcing stronger regulatory reforms; and 4) reinforcing policies that protect earnings and savings.