dc.rights.license | In Copyright | en_US |
dc.creator | Murray, Taylor B. | |
dc.date.accessioned | 2013-12-10T15:41:04Z | |
dc.date.available | 2013-12-10T15:41:04Z | |
dc.date.created | 2008 | |
dc.identifier | WLURG38_Murray_POV_2008_wm | |
dc.identifier.uri | http://hdl.handle.net/11021/24216 | |
dc.description | Taylor B. Murray is a member of the Class of 2009 of Washington and Lee University. | en_US |
dc.description | Capstone; [FULL-TEXT FREELY AVAILABLE ONLINE] | en_US |
dc.description.abstract | In summary, the solutions for breaking the cycle of poverty presented by this paper focus heavily on reducing the exorbitant costs of financial services paid by low-income families. This is in contrast to the long-standing public policy emphasis on putting more money into the hands of the poor by means such as increased government aid, raising the minimum wage, and expanding tax credits. This new approach is driven by the astounding increase in credit made available to the low income population in the past decade. It recognizes that without establishing principals of fairness in lending to the poor, accompanied by increasing their financial literacy and attracting legitimate banks into their communities, the newly available debt may push some low income households over the financial edge. [From Solutions] | en_US |
dc.description.statementofresponsibility | Taylor B. Murray | |
dc.format.extent | 27 pages | en_US |
dc.language.iso | en_US | en_US |
dc.rights | This material is made available for use in research, teaching, and private study, pursuant to U.S. Copyright law. The user assumes full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used should be fully credited with the source. | en_US |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | en_US |
dc.subject.other | Washington and Lee University, Shepherd Poverty Program | en_US |
dc.title | Predatory Financial Practices and the Impact on the Poor | en_US |
dc.type | Text | en_US |
dcterms.isPartOf | RG38 - Student Papers | |
dc.rights.holder | Murray, Taylor B. | |
dc.subject.fast | Poverty | en_US |
dc.subject.fast | Financial literacy | en_US |
dc.subject.fast | Finance, Personal | en_US |
dc.subject.fast | Predatory lending | en_US |
dc.subject.fast | Subprime mortgage loans | en_US |
local.department | Shepherd Poverty Program | en_US |
local.scholarshiptype | Capstone | en_US |