The Unbanking of America: How the New Middle Class Survives
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- Synopsis
- Why Americans are fleeing our broken banking system: &“Startling and absorbing…Required reading for fans of muckraking authors like Barbara Ehrenreich.&”—Publishers Weekly (starred review) What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twentysomething 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 those outside the one percent. &“Valuable evidence on the fragility of the personal economies of most Americans these days.&”—Kirkus Reviews &“An intelligent plea for financial justice…[An] excellent book.&”—The Christian Science Monitor
- Copyright:
- 2017
Book Details
- Book Quality:
- Publisher Quality
- Book Size:
- 277 Pages
- ISBN-13:
- 9780544611184
- Related ISBNs:
- 9781328745705
- Publisher:
- Houghton Mifflin Harcourt
- Date of Addition:
- 01/19/25
- Copyrighted By:
- status in your country.
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance, Social Studies, Politics and Government
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.