Ethnic minorities more likely to face ‘poverty premium’ that increases cost of essential services
Britons from black and ethnic minority backgrounds are among several groups facing disproportionately high living costs because of the likelihood of being hit by the “poverty premium”, academics have said.
A study found that the risk of people on low incomes being charged more for banking and credit, among other things, was greater among those with protected characteristics – such as race, age and disability, as well as health, migration history, sex and religion – than in those without.
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