Moneylending and Low Income Families PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Moneylending and Low Income Families PDF full book. Access full book title Moneylending and Low Income Families by Mary E. Daly. Download full books in PDF and EPUB format.
Author: Mary E. Daly
Publisher: Combat Poverty Agency
ISBN: 1871643015
Category : Consumer credit
Languages : en
Pages : 73
Get Book Here
Book Description
Author: Mary E. Daly
Publisher: Combat Poverty Agency
ISBN: 1871643015
Category : Consumer credit
Languages : en
Pages : 73
Get Book Here
Book Description
Author: Susan E. Mayer
Publisher: Harvard University Press
ISBN: 9780674587335
Category : Business & Economics
Languages : en
Pages : 254
Get Book Here
Book Description
Children from poor families generally do a lot worse than children from affluent families. They are more likely to develop behavior problems, to score lower on standardized tests, and to become adults in need of public assistance. Susan Mayer asks whether income directly affects children's life chances, as many experts believe, or if the factors that cause parents to have low incomes also impede their children's life chances. She explores the question of causation with remarkable ingenuity. First, she compares the value of income from different sources to determine, for instance, if a dollar from welfare is as valuable as a dollar from wages. She then investigates whether parents' income after an event, such as teenage childbearing, can predict that event. If it can, this suggests that income is a proxy for unmeasured characteristics that affect both income and the event. Next she compares children living in states that pay high welfare benefits with children living in states with low benefits. Finally, she examines whether national income trends have the expected impact on children. Regardless of the research technique, the author finds that the effect of income on children's outcomes is smaller than many experts have thought. Mayer then shows that the things families purchase as their income increases, such as cars and restaurant meals, seldom help children succeed. On the other hand, many of the things that do benefit children, such as books and educational outings, cost so little that their consumption depends on taste rather than income. Money alone, Mayer concludes, does not buy either the material or the psychological well-being that children require to succeed.
Author: Noreen Byrne
Publisher: Combat Poverty Agency
ISBN: 1905485085
Category : Credit unions
Languages : en
Pages : 76
Get Book Here
Book Description
Author: Denise Topolnicki
Publisher: Currency
ISBN: 0767908902
Category : Business & Economics
Languages : en
Pages : 352
Get Book Here
Book Description
Many parents today believe that two steady incomes are not only desirable but absolutely necessary in order to raise a family. Yet most full-time working mothers say that if it weren't for the money, they would not work, and instead would stay at home with their children. After the birth of her second child, Denise Topolnicki faced this common dilemma: Continue working full-time, or spend more time with her family? As a former editor of Money, Denise used her financial expertise and discovered that she could work only part-time and be at home for her children--while not breaking her family's budget. By combining her investment know-how with compassionate advice, Denise gives parents a clear-cut strategy for controlling their money--from saving on food, to creating a cash reserve, to learning how to retire on less than two incomes. Packed with worksheets, detailed plans, and inspiring case studies, Topolnicki's plan helps families set fun priorities while still balancing the checkbook. Whether you want to leave work altogether or continue part-time, this book is the key to freedom for millions of families trapped on the working-parent treadmill.
Author: Nicolas P. Retsinas
Publisher: Brookings Institution Press
ISBN: 0815797842
Category : Business & Economics
Languages : en
Pages : 413
Get Book Here
Book Description
A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication Poor people spend their money living day to day. How can they accumulate wealth? In the United States, homeownership is often the answer. Homes not only provide shelter but also are assets, and thus a means to create equity. Mortgage credit becomes a crucial factor. More Americans than ever now have some access to credit. However. thanks in large part to the growth of global capital markets and greater use of "credit scores," not all homeowners have benefited equally from the opened spigots. Different terms and conditions mean that some applicants are overpaying for mortgage credit, while some are getting in over their heads. And the door is left wide open for predatory lenders. In this important new volume, accomplished analysts examine the situation, illustrate its ramifications, and recommend steps to improve it. Today, low-income Americans have more access to credit than ever before. The challenge is to increase the chances that homeownership becomes the new pathway to asset-building that everyone hopes it will be.
Author: Betty Jean Jackson
Publisher:
ISBN:
Category : Budgets, Personal
Languages : en
Pages : 194
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : African Americans
Languages : en
Pages : 40
Get Book Here
Book Description
Few families in the United States today could pay cash for a home, their children's college education, a new car, or a major family medical emergency. Most families need to borrow money to create economic opportunities for themselves or protect their financial security. Access to credit helps families get ahead in life -- to start a new business or pursue an education -- and ensure that unforeseen setbacks, such as a temporary decline in income, do not result in unpaid bills or sharp cuts in living standards. For many families, especially minorities and those with low incomes, access to credit opens doors that were previously closed -- literally so in the case of homeownership. In the wake of the recent subprime home lending crisis, however, access to credit is becoming more restrictive across all credit products, from credit cards to home mortgages, car loans to consumer installment lines of credit, even while persistent differences in access to credit and in the cost of that credit are still based on race, ethnicity, and income. Specifically, African-American and Hispanic families are still denied credit more often than white families with the same income, and low-income families are more often denied access to credit than middle-income and higher-income families -- even when low-income families apply for credit in line with their income and creditworthiness. This type of discrimination in the credit marketplace remains pervasive despite a number of regulatory efforts to make access to credit non-discriminatory and to make access to credit for low-income families on par with that for wealthier families. This report extrapolates from the most recent data and existing literature two overarching reasons for persistent discrimination: product steering, in which financial institutions decide which products to offer to which borrowers and on which terms; and industry segmentation, in which different financial institutions specialize in lending to different kinds of customers. Some of these discriminatory patterns appear to be intentional; others are the result of the growth and breadth of today's credit markets.
Author:
Publisher: Combat Poverty Agency
ISBN:
Category :
Languages : en
Pages : 23
Get Book Here
Book Description
Author: Stuart Rutherford
Publisher:
ISBN: 9781853396885
Category : Social Science
Languages : en
Pages : 0
Get Book Here
Book Description
On the real lives of people in the slums and villages of Asia, Africa and Latin America.
Author: Sean O'Connell
Publisher: OUP Oxford
ISBN: 0191555738
Category : History
Languages : en
Pages : 320
Get Book Here
Book Description
Credit and Community examines the history of consumer credit and debt in working class communities. Concentrating on forms of credit that were traditionally very dependent on personal relationships and social networks, such as mail-order catalogues and co-operatives, it demonstrates how community-based arrangements declined as more impersonal forms of borrowing emerged during the twentieth century. Tallymen and check traders moved into doorstep moneylending during the 1960s, but in subsequent decades the loss of their best working class customers, owing to increased spending power and the emergence of a broader range of credit alternatives, forced them to focus on the 'financially excluded'. This 'sub-prime' market was open for exploitation by unlicensed lenders, and Sean O'Connell offers the first detailed historical investigation of illegal moneylending in the UK, encompassing the 'she usurers' of Edwardian Liverpool and the violent loan sharks of Blair's Britain. O'Connell contrasts such commercial forms of credit with formal and informal co-operative alternatives, such as 'diddlum clubs', 'partners', and mutuality clubs. He provides the first history of the UK credit unions, revealing the importance of Irish and Caribbean immigrant volunteers, and explains the relative failure of the movement compared with Ireland. Drawing on a wide range of neglected sources, including the archives of consumer credit companies, the records of the co-operative and credit union movements, and government papers, Credit and Community makes a strong contribution to historical understandings of credit and debt. Oral history testimony from both sides of the credit divide is used to telling effect, offering key insights into the complex nature of the relationship between borrowers and lenders.
