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Please note: This is a companion version & not the original book. Book Preview:
#1 The world has changed since I opened my first bank account as a child. Today, I do most of my banking online at odd hours. For my children, going to the bank means popping over to the nearest ATM to get cash.
#2 The consumer financial-services system, which consists of mainstream banks, alternative financial services, and informal practices such as saving in structured...
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Language
English
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Discusses the problems with American banking and investigates such informal banking alternatives as check-cashing businesses, payday lenders, and lending clubs.
"An urgent, absorbing exposé--why Americans are fleeing our broken banking system in growing numbers, and how alternatives are rushing in to do what banks once did. What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twenty-something graduate student...
Author
Language
English
Description
Why Americans are fleeing our broken banking system in growing numbers, and how alternatives are rushing in to do what banks once did What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twenty-something 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...
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