IDEAS home Printed from https://ideas.repec.org/a/fip/fedbcd/y2008p1-7n3.html
   My bibliography  Save this article

Promoting banking services among low-income customers

Author

Listed:
  • Rebecca M. Blank

Abstract

Many low-income people rely on payday lenders, check cashers, and other alternative financial service providers to get by. But the high costs make it hard for families to save. A 2008 Brookings Institution report highlights the reasons that the so-called unbanked turn to such services. It also suggests solutions-including both expanded bank offerings and increased access to government programs that stabilize incomes and reduce the need for emergency, high-cost credit.

Suggested Citation

  • Rebecca M. Blank, 2008. "Promoting banking services among low-income customers," New England Community Developments, Federal Reserve Bank of Boston, pages 1-7.
  • Handle: RePEc:fip:fedbcd:y:2008:p:1-7:n:3
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/commdev/necd/2008/issue3/LMI-banking-services.pdf
    Download Restriction: no

    More about this item

    Keywords

    Unbanked;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbcd:y:2008:p:1-7:n:3. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio). General contact details of provider: http://edirc.repec.org/data/frbbous.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.