AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
ABOLISH POVERTY: Matthew Desmond on How We Can Do It
The Next Big Idea
The Relationship Between Banks and the Poor
Banks charge $11 billion in over-draft fees each year. Only about 9% of account holders pay most of those fees, like over 80% of those fees. Wealthy Americans benefit because banks can profit from the excessive fees paid by people with less money. Our free accounts are subsidized by these overdraft fees or take credit cards.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode