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Francine Shwal Analysis

Decent Essays

The author Francine Schwadel states that consumers in poorer neighborhoods are set up to purchase goods at a higher price not necessarily having better quality. As the article states the price difference paid by the rich and poor appears to have widen at the same time the income gap is growing, furthermore although the rich could afford to buy everyday essentials the poor continue to purchase the same goods at as high as 8.8% more or $350.00 more a year for a family of four-than did shoppers of middle class area. In the authors opinion consumers in poorer neighborhoods are set up to purchase goods that they can’t afford at higher prices in some cases they use their food stamps to cover fees that they can’t afford in return they are charged a higher fee. It is apparent that inequality does exist amongst poorer consumers according to the authors findings. …show more content…

For example as the article stated consumers from a urban Chicago neighborhood receives finger-hut catalogs where they’ll pay higher prices due to paying in installments opposed to purchasing directly from a retailer such as a Victoria secret catalog. When the consumer was asked why would they purchase directly from a retailer opposed to a company like finger-hut the consumer replies because I’m not sure how much money I’m allowed to save being on welfare I just brought it from finger-hut paying twice the price of the

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