[TedDoesntTalk]

> Poor people in the US are systematically shut out of a lot of credit channels

Not credit cards. If you have a minimum wage job, you can easily get a Visa with a $600 credit limit to start. If you use it and pay the bill on time, they will double your credit limit in 6 months. Another 6 months with the same track record and you'll have a credit limit of many thousands of dollars.

And that's where a lot of people get trapped: they buy more than they can pay off 100% each month. Credit card companies love that because they collect interest.

But if you can manage your desires and wants, you won't get shut out of credit even with a minimum-wage job.