Buying in bulk and thus saving money is out of reach of many low-income shoppers

by ParentCo. May 13, 2016

Many low-income shoppers, a study finds, miss out on the savings that come with making purchases in bulk.

“One of the great ironies in modern America,” writes Mehrsa Baradaran in her 2015 book How the Other Half Banks, “is that the less money you have, the more you pay to use it.”

Her point—that when people don’t have much, a single dollar in some ways doesn’t go as far as it otherwise would—extends to several other parts of Americans’ financial lives, including how they shop.

Two of American shoppers’ (and marketers’) favorite money-saving strategies, the limited-time offer and buying in bulk, come with savings that are more accessible to some consumers than others. Choosing to buy things when they’re on sale or packaged in huge quantities is something lots of shoppers may take for granted as a matter of preference, but for many, these purchases—and the savings that come with them—are out of reach.

Source: The Privilege of Buying 36 Rolls of Toilet Paper at Once


ParentCo.

Author



Also in Conversations

mom in bed with sick child
How to Keep Kids Healthy This Cold & Flu Season

by Dr. Jeff Andrews

As we head into the upcoming cold and flu season, parents should be mindful of the following best practices to keep their families safe and healthy.

Continue Reading

young girl with horse
The Surprising Way Horses Benefit Kids' Emotional and Social Skills

by ParentCo.

Kids can enjoy so many benefits from being with horses, from confidence and a sense of self-efficacy to assertive and emotional communication skills.

Continue Reading

girl listening to music
Songs for snuggling and singing and falling asleep

by ParentCo.

For the past nine plus years, I've sung this song nearly every night. I suppose I had an average affinity for it as a child.

Continue Reading