This narrative takes an uncompromising look at the corporate vultures that prey on America's working class. Made up of pawnshops, payday lenders, check cashers, credit card companies and the like, the fringe economy entices vulnerable consumers into an economic netherworld.
Zusammenfassung
Every day, this alluring come-on entices unsuspecting consumers into the depths of the fringe economya parallel economic universe of pawnshops, payday lenders, check cashers, and other businesses that prey on the financially desperate. These people are duped by clever slogans that promise to alleviate their financial woes and help them gain access to the American Dream. Instead they find themselves in an economic netherworld of spiraling, sky-high interest rates and ever-increasing debt. Once there, the road out is nearly impossible to navigate.This compelling look at the dark side of the American economy chronicles how these predatory businesses ruthlessly and systematically exploit the poor and middle classes. And it proposes practical reforms that could prevent the ruination of millions of lives.
Zusammenfassung
Every day, this alluring come-on entices unsuspecting consumers into the depths of the fringe economya parallel economic universe of pawnshops, payday lenders, check cashers, and other businesses that prey on the financially desperate. These people are duped by clever slogans that promise to alleviate their financial woes and help them gain access to the American Dream. Instead they find themselves in an economic netherworld of spiraling, sky-high interest rates and ever-increasing debt. Once there, the road out is nearly impossible to navigate.This compelling look at the dark side of the American economy chronicles how these predatory businesses ruthlessly and systematically exploit the poor and middle classes. And it proposes practical reforms that could prevent the ruination of millions of lives.
Titel
Shortchanged
Untertitel
Life and Debt in the Fringe Economy
Autor
EAN
9781605098050
ISBN
978-1-60509-805-0
Format
E-Book (pdf)
Hersteller
Herausgeber
Genre
Veröffentlichung
01.09.2005
Digitaler Kopierschutz
Adobe-DRM
Anzahl Seiten
252
Jahr
2005
Untertitel
Englisch
Unerwartete Verzögerung
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