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Low-income individuals are disproportionately harmed by economic shifts like inflation and regressive policies. They often lack the financial tools and expertise to navigate a complex tax system, missing out on crucial credits, and struggle to manage budgets when the cost of necessities rises, creating significant financial instability.
A mobile-first fintech platform can act as a financial shield. It would automate finding and applying for all eligible tax credits and rebates, provide real-time alerts on price hikes for essential goods while suggesting cheaper alternatives, and offer simple budgeting tools to help manage volatile expenses against a fixed income.