English, Article edition: Promoting banking services among low-income customers Rebecca M. Blank

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Bookmark: http://trove.nla.gov.au/version/27876
Physical Description
  • article
Language
  • English

Edition details

Title
  • Promoting banking services among low-income customers
Author
  • Rebecca M. Blank
Physical Description
  • article
Notes
  • Many low-income people rely on payday lenders, check cashers, and other alternative financial service providers to get by. But the high costs make it hard for families to save. A 2008 Brookings Institution report highlights the reasons that the so-called unbanked turn to such services. It also suggests solutions-including both expanded bank offerings and increased access to government programs that stabilize incomes and reduce the need for emergency, high-cost credit.
  • Unbanked
  • RePEc:fip:fedbcd:y:2008:i:3:p:1-7
Language
  • English
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