We really got stunned by this sentence: "It costs money to be poor." That's how begins a post on The Quick and the Ed, his editor Erin Dillon says that individuals living below the poverty line pay more for many things middle and upper income people consider basics, including food and banking services, hah!
Grocery Stores, Banks, and...Schools? was written to comment on his report Food for Thought: Building a High-Quality School Choice Market. The chains for distribution of fresh food and bad management of checking and savings accounts have failed in many low-income, urban neighborhoods, says Dillon. The result: "communities with little or no access to fresh food, like fruits and vegetables. And it means that the little money low-income families may have to save at the end of the month goes to check cashing fees and outrageous annual interest rates for short-term loans."
From the research for Food for Thought:
- This is equally true in the market for public education. The growing charter school movement has spurred the creation of new education organizations like the Knowledge Is Power Program (KIPP), which recently opened a shiny, new 85,000-square-foot facility four miles north of the Super Giant. KIPP has become a national model of high-quality, urban education, posting impressive achievement gains with low-income student populations. Sixty-six new KIPP schools have opened in 19 states and the District of Columbia in the last 15 years. KIPP is what school choice proponents claimed would happen with market-based reforms in education: entrepreneurial educators successfully teaching the students who need help the most.
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