Access to Financial Services, Savings, and Assets Among the Poor

Source: National Poverty Center, Policy Brief, #13, November 2008

From the summary:
Low-income families are financially underserved. The eight commissioned chapters in this volume analyze the financial constraints and choices of low-income families, describe the ways in which they utilize financial services, and discuss policies that could spur better provision of financial services to them. The chapters in the first half of the book describe the financial lives of low-income households. The second half focuses on specific topics in financial decision making: policies to increase saving among the poor, Individual Development Accounts for long-term asset building, the costs and benefits of homeownership for lower-income households, the changing patterns of credit card use and debt burden, and finally, the unique experience of immigrants in the U.S. who may face even greater barriers to the formal financial sector than others.

Leave a Reply