[lbo-talk] thoughts on CPI?

[Michael Perelman]

exactly.  But that only shows up in the profit statements of the banks, not in the 
official data about the cost of living.  Same for the extra cost of buying food when 
all you have are liquor stores and convenience stores .....

On Sun, Jan 20, 2008 at 03:39:45PM -0800, Joanna wrote:
> 
> 
> Michael Perelman wrote:
> > The reported income of the poorer segments of society does not account for the many 
> > extra expenses that poor people pay. 
> Yes. It's very expensive to be poor. Late fees, bounced check fees, 
> checking acct fees (if you don't have direct deposit), interest on 
> credit cards if you can't pay them off. The list is endless.
> 
> My ex was late paying his credit card one month and they raised the 
> rates on ALL his cards to 30%.
> Thirty fucking percent! 
> 
> Joanna
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com