Earlier quoted context omitted.
Being poor is expensive. Just like $50 shoes that last 6 months and $200 shoes that last 10 years, when you’re poor, you often have to chose the less expensive, short-term option because the more expensive, far far better option is literally out of reach.
I'm always skeptical when someone posts that little nugget about shoes. Maybe it used to be true but I don't think it still applies in the era of high-quality mass manufacturing. I have worn shoes that cost $50 to well over $200 and if anything the more expensive shoes tend to fall apart faster. Walmart has plenty of shoes and work boots for about $50 that will last more than 6 months unless you really abuse them. Th…
Just taking a second to think about this, since we're in the context of groceries, here's another example: the bigger box of cereal will be cheaper per pound and last longer, but you have to pay more up front for it. Another example closer to the boots metaphor is comparing the longevity of cheap, used cars vs new cars.
Even outside of consumer goods, poor people are not able to hire accounts to find, um, ways to minimize your tax bill, or have the money for investments or even savings etc. Even middle class people who may be able to afford a mortgage that is less than their rent might take a while to save up for a down payment (and hopefully the housing market hasn't gotten too much worse in the mean time).