Low-income borrowers get options beyond payday loans, By Christine Dugas, September 29, 2011, USA Today: “As more and more Americans rely on costly, non-traditional ways to borrow money, companies are starting to step up to provide safer, more affordable financial tools. Some 9 million families don’t have a bank account. And many of those who do have an account still consider themselves financially frail. Almost half of all households say they wouldn’t be able to come up with funds to deal with a financial shock of $2,000, says Annamaria Lusardi at George Washington University School of Business…”
Poverty-related issues in the news, from the Institute for Research on Poverty