The Unbanking of America: How the New Middle Class Survives

Synopsis

Discusses The Problems With American Banking And Investigates Such Informal Banking Alternatives As Check-cashing Businesses, Payday Lenders, And Lending Clubs. We're All Underbanked -- Where Everybody Knows Your Name -- Bankonomics, Or How Banking Changed And Most Of Us Lost Out -- The New Middle Class -- The Credit Trap: Bad Debt And Real Life -- Payday Loans: Making The Best Of Poor Options -- Living In The Minus: The Millennial Perspective -- Borrowing And Saving Under The Radar -- Inside The Innovators -- Rejecting The New Normal. Lisa Servon. Includes Bibliographical References (pages 191-240) And Index.