No slack : the financial lives of low-income Americans /

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The financial crisis exposed the potentially unsavory results of the interaction between low- and moderate income households and alternative and mainstream financial institutions. Many households were overleveraged or paid high costs for financial services, while others lacked access to useful finan...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Barr, Michael S.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : Brookings Institution Press, ©2012.
Temas:
Financial services industry > United States.
Banks and banking > Social aspects > United States.
Poor > United States > Finance, Personal.
Low-income consumers > United States > Finance, Personal.
Services financiers > États-Unis.
Consommateurs à faible revenu > États-Unis > Finances personnelles.
BUSINESS & ECONOMICS > Economic Conditions.
BUSINESS & ECONOMICS > Economic History.
BUSINESS & ECONOMICS > Economics > Comparative.
POLITICAL SCIENCE > Economic Conditions.
BUSINESS & ECONOMICS > Personal Finance > General.
Banks and banking > Social aspects
Financial services industry
Poor > Finance, Personal
United States
Acceso en línea:Texto completo
Descripción
Sumario:The financial crisis exposed the potentially unsavory results of the interaction between low- and moderate income households and alternative and mainstream financial institutions. Many households were overleveraged or paid high costs for financial services, while others lacked access to useful financial products that can cushion against economic instability. The financial services system is not well designed to serve low- and moderate-income households, leaving them without financial slack: they did not have adequate breathing room for making the financial adjustments that would permit them.
Descripción Física:1 online resource
Bibliografía:Includes bibliographical references and index.
ISBN:9780815722342
0815722346

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