Skip Navigation
NPR News
A sign in a New York City market window advertises that it accepts food stamps. (Getty Images)

Episode 217: The Art Of Living At The Poverty Line

May 24, 2013

Hear this

This text will be replaced
Launch in player

Share this


Explore this

Reported by

On today's Planet Money, we meet a single mother who makes $16,000 a year — and who managed to fund a vacation at a Caribbean resort with an interest-free loan from one of the world's largest banks.

Edith Calzado gets credit cards with teaser zero-percent interest rates — then transfers her balance before the rate ticks up. She signs up for store cards to get discounts — then pays off her bill on time. She gets food stamps and lives in subsidized housing. Her son is doing well in school.

She may be the single most successful and productive beneficiary of government assistance you'll ever meet.

Note: This podcast was originally posted in 2010. Music: Stars' "Fixed." Find us: Twitter/ Facebook/Spotify/ Tumblr. Download the Planet Money iPhone App.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Missing some content? Check the source: NPR
Copyright(c) 2014, NPR

Visitor comments

on:

NCPR is supported by:

This is a Visitor-Supported website.