Poor people do not just have less wealth than rich people — they have different kinds of wealth And some of the forms of wealth held by the poor are less good value than assets commonly held by the rich — they accumulate more slowly or lose their real value faster. Outlets for poor people’s savings — including pensions and insurance — are restricted and are often poor investments: and their ability to accumulate physical assets is weakened by difficulties in obtaining credit (‘reverse saving’) at reasonable rates of interest.
KeywordsLife Insurance Credit Union Life Insurance Company Building Society Expense Ratio
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