Lower Class Ky. Residents Spend More

A new study shows lower income people in Kentucky, actually pay more for everyday expenses than their wealthier counterparts.

The study from the Brookings Institution said low-income families are likely to have more expensive mortgages, higher interest rates on their car loans, and costlier auto insurance.

The report also found lower income people often pay more for their groceries, furniture and appliances.

It also said “some of the highest prices for basic necessities in Kentucky are in its poorest areas, including the Appalachian region.”