The Real Cause of Poverty with Matthew Desmond
Factually! with Adam Conover
00:00
The Financial Exploitation of the Poor
Every year, $11 billion in overdraft fees, over $1.6 billion in check-gashing fees are charged to the lowest income Americans. That's like $61 million pulled out of the pockets of the poor every single day. Who benefits from that? The poorest bank clients made to pay for their poverty. Matthew Desmond: Poor people don't need financial counseling. They are taking the best bad option.
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