Segregation and the Cost of Money: Race, Poverty, and the Prevalence of Alternative Financial Institutions
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DOI: 10.1093/sf/soy129
Abstract: Payday lenders, check cashers, and other “alternative” financial services (AFS) have garnered attention from policymakers and advocates for the poor because they are more expensive than traditional banking—constituting what some call a “Ghetto Tax.” This… read more here.
Keywords: afs; alternative financial; segregation; prevalence ... See more keywords
The Negative Association between Alternative Financial Services Usage and Financial Well-Being: Variations by Income
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DOI: 10.1093/swr/svaa009
Abstract: As reliance on alternative financial services (AFS) usage continues its exponential expansion among American families, policy debates over banking regulation perdure with limited empirical understanding of how usage affects individuals’ financial lives. Using data from… read more here.
Keywords: alternative financial; afs; financial well; usage ... See more keywords