Another great article in the NYT that was written by Annie Lowrey explains that though many poor families have more material wealth in terms of TV’s, smartphones, and an Internet connection compared to past times, they are becoming worse off in terms of economic inequality.
She explains that the reason for this “material abundance” for the lower SES population is due to the falling prices of goods as a result of global economics. But when it comes to expenses critical to moving out of poverty such as education costs, healthcare, and minimum wage jobs, their outlook is bleak.
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