Washington Post, March 8, 2016
There are several ways to save money on, say, a roll of toilet paper. You can reach for the cheaper version: the store brand, or the singly-ply TP, or the stuff that feels like packing paper. Or you can buy in bulk, saving on each roll per unit. Or you can stock up when the deal is good, like when the corner store offers two packs for the price of one.
The poor, who need all of these strategies, are much less likely to use the last two. They can’t afford to, according to some revealing research by University of Michigan professor Yesim Orhun and Ph.D. student Mike Palazzolo (hat tip to Michigan Radio).
Read the full article at The Washington Post.