03444nam 2200637 a 450 991082777890332120240516190049.01-280-12768-697866135315680-8157-2234-6(CKB)2670000000175229(EBL)951448(OCoLC)784957819(SSID)ssj0000621842(PQKBManifestationID)11438260(PQKBTitleCode)TC0000621842(PQKBWorkID)10617465(PQKB)11765374(MdBmJHUP)muse35067(Au-PeEL)EBL951448(CaPaEBR)ebr10546507(CaONFJC)MIL353156(MiAaPQ)EBC951448(EXLCZ)99267000000017522920120210d2012 uy 0engur|n|---|||||txtccrNo slack[electronic resource] the financial lives of low-income Americans /Michael S. Barr1st ed.Washington, D.C. Brookings Institution Pressc20121 online resource (308 p.)Description based upon print version of record.0-8157-2233-8 Includes bibliographical references and index.1. Introduction / Michael S. Barr -- 2. Managing money / Michael S. Barr -- 3. And banking for all? / Michael S. Barr, Jane K. Dokko, and Benjamin J. Keys -- 4. Preferences for plastic / Michael S. Barr, Jane K. Dokko, and Eleanor McDonnell Feit -- 5. Which way to the bank? / Michael S. Barr, Jane K. Dokko, Ron Borzekowski, and Elizabeth K. Kiser -- 6. Borrowing to make ends meet / Michael S. Barr, Jane K. Dokko, and Benjamin J. Keys -- 7. High-cost home ownership / Michael S. Barr, Jane K. Dokko, and Benjamin J. Keyes -- 8. Living on the edge of bankruptcy / Michael S. Barr and Jane K. Dokko -- 9. Expensive tax refunds / Michael S. Barr and Jane K. Dokko -- 10. Paying to save / Michael S. Barr and Jane K. Dokko -- 11. Behaviorally informed regulation / Michael S. Barr, Sendhil Mullainathan, and Eldar Shafir -- 12. Epilogue : crisis and reform / Michael S. BarrThe financial crisis exposed the potentially unsavory results of the interaction between low- and moderate income households and alternative and mainstream financial institutions. Many households were overleveraged or paid high costs for financial services, while others lacked access to useful financial products that can cushion against economic instability. The financial services system is not well designed to serve low- and moderate-income households, leaving them without financial slack: they did not have adequate breathing room for making the financial adjustments that would permit themFinancial services industryUnited StatesBanks and bankingSocial aspectsUnited StatesPoorFinance, PersonalUnited StatesLow-income consumersFinance, PersonalUnited StatesFinancial services industryBanks and bankingSocial aspectsPoorFinance, PersonalLow-income consumersFinance, Personal330.9730086/942Barr Michael S54302MiAaPQMiAaPQMiAaPQBOOK9910827778903321No slack4049262UNINA