One of the things I am learning about poverty is how quickly and how easily you can get completely wiped out. I, for example, have a line of credit. If something happened to my job, I’d still have 8 or 9 months of rent that I could borrow (on top of Employment Insurance and the fact that I’m highly employable) to keep myself in my home and in groceries. That doesn’t happen by accident – I can borrow because I have a job based on my income. I have the job with my income because I was able to go to school, because my parents helped me, because they worked jobs with good income… and so it goes.
If I didn’t have all of those things – a personal history that puts me in this advantageous position – I’d be in major trouble if I lost my job. If I was living cheque to cheque, the slightest disruption to my income could result in me being out on the streets. I wouldn’t be able to borrow, except through credit cards with high fees that would put me deeper in debt the longer I relied on them. Trying to claw my way out of that debt would take an extraordinary and consistent string of good luck. Chances are, I’d end up bounced to the streets within 3 months.
Of course once I’m on the streets, things get rough. Without a permanent address, I can’t apply for a job. No job means no steady source of income which means my ass stays on the street. Then again, if there was some way for me to patch a small hole, cover the cost of a rent payment, a broken cell phone, any kind of financial emergency that might come up in the course of life, I’d be able to avoid losing my residence perhaps long enough to get something going for myself.