Things Rich People (Millionaires) Do That Poor People Don’t

Today we’re taking a look at some of the shocking
differences in lifestyle between the rich and the poor. Some things are obvious, like buying fancy
cars and houses or going on lavish vacations, but some of the things that the poor do and
the rich don’t might just surprise you. Things like buying prescription medications
for animals instead of humans. Healthcare has been a hot-button topic here
in America for decades, but no matter which side of the political aisle you stand on,
there’s one thing both sides can’t deny: costs are rising. Thanks to an aging population, a sharp increase
in chronic illnesses such as diabetes and heart disease, and rising drug and treatment
prices, Americans pay more for healthcare than ever before: in 2016 the US paid $3.3
trillion in healthcare costs, versus $27.2 billion in 1960. Meanwhile since 2011 alone, American wages
have increased just 11%, while healthcare costs have ballooned by 65%. This skyrocketing in cost has seen many turn
to alternatives to traditional healthcare- in this case, animal care. Poor people around the country are now getting
prescriptions for their pets which they then use to receive drugs that they take themselves. In the case of unregulated drugs such as antibiotics,
many are simply buying them directly from manufacturers or over the internet. One popular alternative to costly ‘human’
antibiotics is fish antibiotics, easily purchasable with the click of a mouse from Amazon or Ebay. And the price difference can be worth the
risk of mis, over, or under-medicating, with a prescription for human antibiotics running
up to $150 a month vs fish antibiotics purchased in bulk for only $15 a month. But doctors warn that the risk of using animal
products over human ones is very real, with the potential for adverse and significant
side effects including the development of treatment-resistant ‘superbugs’. Still, the practice is in wide use across
the United States and only growing in popularity. Diet very often is the best preventative measure
to avoid a costly hospital bill, and in the food department the difference between rich
and poor in America is also staggering. While in the last decade American diets have
improved significantly, with great increases of fresh fruit and vegetables, nuts and whole
grains, with mirrored decreases in sodium and sugar intake, the diets between rich and
poor families couldn’t be more different. A high income family in America eats an average
of 13 servings of vegetables a week vs 10 for a low income family, six servings of fruit
vs four, eight servings of whole grains vs five, and six servings of nuts and seeds vs
three for a low income family. When it comes to nutritionally poor sugary
drinks such as soda and artificial fruit juice, poor families consume twice as many servings
a week vs a high income family. Experts point at several reasons for this
disparity in nutrition vs high and low income families, such as knowledge barrier on which
foods are actually healthy and nutritious vs which aren’t. Meal prep time is also a factor, with lower
income families opting for processed foods that can be quickly prepared. Lastly, many blame fast food marketing which
is almost exclusively aimed at lower income families, pointing out the sophistication
of modern marketing campaigns of fast food giants such as McDonalds and Taco Bell. Being poor can be tough, and another way life
differs between the rich and the poor is their ability to respond to emergency situations. Whether an unexpected illness, car repairs,
or another unforeseen disaster, low income families are often unable to meet these financial
challenges and forced into an industry built exclusively to prey on the poor: microloans. Defined as short-term, low-sum, but high interest
loans, the most commonly known include auto title loans or payday loans. Designed to ensnare the most economically
vulnerable, microloans offer instant access to cash with very short-term repayment terms
and brutal interest rates. As the lenders know full well that most of
their customers won’t be able to repay the loan in time, let alone the interest rates,
they often offer additional loans to “give some breathing room”, all the while dragging
individuals even further into debt. In 2017, the Consumer Financial Protection
Bureau discovered that 90% of fees collected by lenders per year were from individuals
who had borrowed seven or more times, and 75% from individuals with a whopping 10 or
more loans. Banned in several states, microloaning is
still a booming industry earning $6.5 billion dollars annually. Attempts at regulation of this industry has
met with stiff resistance, often from those it preys on themselves for whom it can be
the only lifeline in an emergency. Still, progress has been made and along with
bans across the country, various state governments have looked into working with banks to establish
conventional installment loans with low interest rates. Some lawmakers though are looking to expand
the fight to big banks too, targeting banks that charge minimum balance fees that exclusively
target low-income families who are unable to maintain a minimum bank balance. Though relatively mild, these fees can add
up month to month and end up costing a low income family a significant amount of money. In a sense, people are paying to stay poor. In the fight to afford expensive health care,
rising food costs, and pay down predatory loans, the poor also do one other thing that
the rich don’t: work harder for less money. While the rich have historically worked more
hours per month than the poor, the gap has been closing with the rich working an average
of 235 hours and the poor working 210-220 hours. Many financial experts are quick to point
out however that the quality of the hours worked are not the same between the two classes-
hours worked by the poor are much less personally satisfying and much more stressful and labor-intensive,
which can have a great amount of ancillary effects on the individuals working those jobs
to include low self-esteem, lack of motivation for improvement, and depression. High-income individuals also often have benefits
that low-income individuals don’t such as healthcare, retirement plans, and job security. And if that wasn’t enough, high-income individuals
have also seen a meteoric rise in wages since the 1970s, with the top 1% seeing a wage increase
of a whopping 156%, vs a 65% increase for working-class America. The bottom 10% make on average $8.16 an hour
while the top 5% make $49.74. Due to job insecurity and lack of full-time
employment, low-income families are also often forced to find two or three jobs to fill out
a basic 40-hour work week. This directly translates into increased transportation
costs, higher rates of stress, and lower wages versus a high-income individual with a single,
long-term job and the benefit of time-in-position wage increases and promotions. Lack of paid leave and odd hours also compound
the problems of a low-income family versus a higher income one. All that stress often results in another unfortunate
thing poor people do that rich people don’t: avoid getting beat up by a family member. Domestic violence rates amongst low-income
families can be a staggering 5 times greater than high-income families. High rates of stress, personal and job dissatisfaction,
and financial hardships all act as a trigger, with 9.5% of low-income households having
an abusive family member vs 2.7% of high-income households. Financial status also directly affects a victim’s
likelihood of being abused domestically, with low-income individuals lacking access to professional
help or the ability to leave their living situation. The difference between rich and poor is still
staggering even in a modern First World nation like America. Though comparatively much better off than
low-income households in less developed nations, the truth about poverty in the industrialized
world is significant, with entire families trapped in dead-end predatory loans, losing
access to high-cost healthcare, and unable to improve their situation due to job insecurity
and lack of education opportunities. Actions from lawmakers however have helped
alleviate some of this strain for the poorest amongst us, with minimum wage hikes across
the nation and the establishment of federal protection agencies such as the Consumer Financial
Protection Bureau. What do you think about the difference in
lifestyle between the rich and poor? With today’s rising food, housing and health
care costs versus stagnant wages, is the American Dream of a middle-class lifestyle still a
financial reality for most? Let us know in the comments! Also, be sure to check out our other video
called 10 Surprisingly High Paying Jobs! Thanks for watching, and, as always, don’t
forget to like, share, and subscribe. See you next time!

28 comments on “Things Rich People (Millionaires) Do That Poor People Don’t”

  1. The Infographics Show says:

    Yes, it's not my voice again, but give it a go anyway! 🙂 Just so you know, I am listening to all your comments and complaints! I won't introduce a new voice over that you hate! So keep those comments coming!

  2. xxhyperinsanexx says:

    What about Canadians?

  3. ztd32tr0y says:

    i do not mind this voice but i just wish it could be a little bit faster and it for it to not say something like fish then a pause

  4. Mark Silla says:

    Is this a tutorial on what to do when you are broke? Also there is this thing this guy is doing I don't know if its stuttering or just the way he modulates his voice, I just don't like it. He should work on that. Other than that he's fine(Who knows we haven't seen a face reveal maybe they are all fine or there is a reason they haven't revealed their faces yet.)

  5. Curtis Haring says:

    Thank goodness for the CFPB. They truly protect low and middle class Americans.

    Wait…what's that?

    You say the CFPB has been gutted by the Trump administration? But how would that help Make America Great Again…?

  6. reneekatz666 says:

    Inflation is a symptom and indicator of the failure of socialism and social programs.

  7. MangoMania says:

    Is this channel gonna go the way of RWJ?

  8. Steph anis says:

    New voice is not good for this style of video.

  9. Jae Alex Ray says:

    I have (according to the dentist) over $3000 worth of teeth problems. I was lucky that the check up was free. Unfortunately I can't afford to get my teeth fixed. I have 3 teeth that are slowly rotting away and one abscess among other problems. But instead of getting them all fixed at one time I have to wait and save up for months to get every problem fixed one at a time. I have a tooth infection that could potentially kill me but because I can't afford insurance I have to wait and hope that I will be able to get the funds to save me from it. There's nothing I can do about it because there's no dentist near me that will do a payment plan. I can't do anything about it. I could die but because I'm poor no one cares. Guess I'll die.

  10. Binh TC Nguyen says:

    im doomed.

  11. Mark Smith says:

    Poor people on are on welfare and get free stuff and the rich pay for it in their taxes nothing is free folks

  12. chrism3784 says:

    We all have options in life. You don't like the rising costs of healthcare, join the military, serve your country, get honorably discharged and join the VA. Is not the best, but it's mostly free, or for less priority members, very cheap as opposed to obummercare. Also meets the qualifications of healthcare so you don't get penalized on your taxes.

    Don't like predatory loan rates, don't borrow from them, that goes without saying. Don't like your job? Well thank the last 3 administrations for letting the good jobs go overseas. Nothing can really do with that.

  13. The Artificial Apologist says:

    Misleading title. This was more what poor people do that rich don't, which was mostly self-explanatory. Still good to have this stuff taught to us, but not sure why the video couldn't be completely honest.

  14. Sualeh Irfan says:

    This needs to change

  15. Tom Mad says:

    it was like you describe slave society…

  16. Gregory Guzman says:

    Dont like the voice

  17. Mevlüt Akdağ says:

    Poors are breeding in order to satisfy the needs of the rich.

  18. Hoefy says:

    The voice over sounds unnatural, like he's not quite sure how to speak. I'm sure he's doing his best, but honestly I prefer the other voice

  19. mayur kale says:

    They don't watch info graphics show😊

  20. Misa's Music says:

    03:54 oh man that racism

  21. Hamza Khan says:

    In Pakistan, The Medicine Is quite cheap due to the nationalization policies of 1980s of Pakistan.

  22. The Dweeb says:

    Difference between the rich and the poor: delayed gratification

  23. FryingPan Breakup says:

    @3:50 Why does the poor wife look like a vampire, the father looks like he stepped out of prison and the kid doesn't even look like it's theirs?

  24. Ruby DA Great says:

    Its true family member gets violent

  25. Ruby DA Great says:

    Attually happen

  26. Viet Nam Tran says:

    So rich people just eat more??😂 03:30

  27. iagofever films says:

    REAL rich people have healthcare insurance

  28. Rajat Sharma says:

    Watch it at 1.25x

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