No slack : the financial lives of low-income Americans / Michael S. Barr.

Format:

Book

Author/Creator:

Barr, Michael S.

Language:

English

Subjects (All):

Financial services industry--United States.

Financial services industry.

Banks and banking--Social aspects--United States.

Banks and banking.

Poor--Finance, Personal--United States.

Poor.

Low-income consumers--Finance, Personal--United States.

Low-income consumers.

Physical Description:

1 online resource (308 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : Brookings Institution Press, c2012.

Language Note:

English

Summary:

The financial crisis exposed the potentially unsavory results of the interaction between low- and moderate income households and alternative and mainstream financial institutions. Many households were overleveraged or paid high costs for financial services, while others lacked access to useful financial products that can cushion against economic instability. The financial services system is not well designed to serve low- and moderate-income households, leaving them without financial slack: they did not have adequate breathing room for making the financial adjustments that would permit them

Contents:

1. Introduction / Michael S. Barr

2. Managing money / Michael S. Barr

3. And banking for all? / Michael S. Barr, Jane K. Dokko, and Benjamin J. Keys

4. Preferences for plastic / Michael S. Barr, Jane K. Dokko, and Eleanor McDonnell Feit

5. Which way to the bank? / Michael S. Barr, Jane K. Dokko, Ron Borzekowski, and Elizabeth K. Kiser

6. Borrowing to make ends meet / Michael S. Barr, Jane K. Dokko, and Benjamin J. Keys

7. High-cost home ownership / Michael S. Barr, Jane K. Dokko, and Benjamin J. Keyes

8. Living on the edge of bankruptcy / Michael S. Barr and Jane K. Dokko

9. Expensive tax refunds / Michael S. Barr and Jane K. Dokko

10. Paying to save / Michael S. Barr and Jane K. Dokko

11. Behaviorally informed regulation / Michael S. Barr, Sendhil Mullainathan, and Eldar Shafir

12. Epilogue : crisis and reform / Michael S. Barr

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786613531568

9781280127687

1280127686

9780815722342

0815722346

OCLC:

784957819