The unbanking of america, Lisa Servon, How the New Middle Class Survives
Type
Label
The unbanking of america, Lisa Servon, How the New Middle Class Survives
Language
eng
Index
no index present
Literary Form
non fiction
Main title
The unbanking of america
Nature of contents
dictionaries
Responsibility statement
Lisa Servon
Summary
Why Americans are fleeing our broken banking system in growing numbers, and how alternatives are rushing in to do what banks once did What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twenty-something graduate student have in common? All three are victims of our dysfunctional mainstream bank and credit system. Nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their lower- and middle-income customers while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America's banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers engaging, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve many of us
Target audience
adult
Creator
Genre
Content
Is Derivative Of
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