Here is a very interesting article from the Washington Post about the costs of poverty.
“There are social costs of being poor, though it is not clear where the cause and effect is. We know for a fact that on certain measures, people who are poor are often more depressed than people who are not. I don’t know if poverty made them depressed or the depression made them poor. I think the cause and effect is an open question. Some people are so depressed they are not functional. ‘I live in a crummy neighborhood. My kids go to a crummy school.’ That is not the kind of scenario that would make them happy.”