The Provisioning of Inequality

• Autores: William Redmond
• Localización: Journal of Economic Issues, ISSN 0021-3624, Vol. 49, Nº. 2, 2015, págs. 527-534
• Idioma: inglés
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• Resumen

  • Lower income households make much heavier use of costly financial services, such as payday loans, check cashing services, auto title loans, and many more. These services are crafted for, targeted to, and distributed through outlets in lower income neighborhoods. In other words, there are extensive provisioning systems designed specifically to deliver such products and services to these households. Such marketing aimed at lower income groups reduces both their wealth and welfare relative to upper and upper middle groups.