By taking out higher-interest mortgages, shopping at rent-to-own furniture stores, using check-cashing businesses instead of banks and buying groceries at convenience stores, the nation's working poor households pay much more than moderate- and high-income households for life's essentials, says the Brookings Institution study.
Tuesday, July 18, 2006
Poor Pay More for Services, Study Says
The San Francisco Chroncile reports on a Brookings Institution study that shows why abusive borrowing options result in the poor get poorer... and in need of bankruptcy.
