WHY MOST PEOPLE ARE POOR

Cost Analysis - Convenience comes at a premium: Using services like Deliveroo increases the cost of coffee by 200% (from $5 to $15) [1] - Transportation costs escalate with convenience: Uber increases the cost of a bus ride by 900% (from $2 to $20), excluding tip [1] - Financing adds to the purchase price: Financing an iPhone increases its cost by 20% (from $1,000 to $1,200) [1] Consumer Behavior - Consumers often prioritize convenience despite the higher costs associated with it [1] - Immediate gratification through services like Deliveroo and Uber leads to increased spending [1] Financial Implications - Choosing convenience leads to higher expenses in the long run [1] - The report suggests that consumers should be mindful of the added costs associated with convenience [1]