Four facts on Money and Social Status.
1. The more money you have the more advantages you get out of life. Those with enough income or wealth often receive lower interest rates on loans, enabling them to take out greater sums of money while making lower monthly payments over a shorter period of time.
2. People in higher class status have a major advantage when borrowing money for a home. They have more income or wealth and because of this they are able to take out loans with lower interest rates. Thus saving money on the amount that they now owe bank, the total interest paid over the live of the loan, and cheaper monthly pa…
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