New Report: Better Banking for the Poor

Posted by on July 18, 2003


Despite wholesale innovations in the banking industry, low-income households continue to be left out of the financial services mainstream.

A new analysis of the banking and alternative financial services industries by Michael Barr suggests that increasing access to banking for these households could boost both family financial stability and broader societal anti-poverty efforts such as the Earned Income Tax Credit and welfare-to-work programs.

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