It’s no secret that wealth and income disparities in the United States are bad — and getting worse, with inequality reaching its highest level in 50 years.
“The average borrower spends over $500 a year in interest just on payday loans.
Mathieu Despard and Terri Friedline
Residents end up diverting money that could have otherwise been used to pay for irregular expenses or to build wealth, instead paying to use the basic financial products that they so desperately need to manage their financial lives.