On Saturday, April 18, 2020 at 3:09:18 PM UTC-5, Ed Pawlowski wrote:
>
> The drug store was an important part of the local economy back then.
> Many of those people had two problems. For some, they did not have the
> $25 or so to open a checking account and if they did, many did not have
> the ability of manage one.
>
That's true. I find it amazing the number of people that cannot manage
money. I'm talking about small amounts of money and checking accounts.
For some, a book of checks meant they could write them until they ran out
never mind there was no money in their account.
>
> Lower income people have a lot of disadvantages. They get paid with a
> check and [ay to cash it, then they pay a charge to pay a bill, if they
> have a credit card they pay the highest interest rates. If they get
> trapped in the payday loan thing they pay 300% interest.
>
No all, but so many of those disadvantages of their own making. Many are
high school dropouts, no job skills other than menial labor with a passel
of children. Children they don't encourage to stay in school and try to
do better than mom and dad.