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The cost of being broke: Snowballing financial problems can be hard to escape

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A late rent payment turns into an extra $100 deficit in overdue fees.

A medical emergency leads to big bills and valuable days of work lost.

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A payday loan may bring thousands of dollars in interest or overdraft fees.

For those struggling to make ends meet, everyday costs come laden with traps that can drag impoverished people and families over a financial precipice.

In other words: Life gets expensive in a hurry for those who can least afford it.

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