The low wage economy

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The check-cashing and payday lending industries have long been marked for reforms because of the high interest rates they charge the working poor. But now even the middle class — college graduates who work and own homes — have trouble making ends meet and thus are taking out high-interest loans as well, writes Lisa Servon, University of Pennsylvania professor of city and regional planning, in her new book, The Unbanking Of America: How the New Middle Class Survives.

Why Payday Lending Is Creeping into the Middle Class - Knowledge@Wharton

Two themes combined here, the fall of parts of the middle class and the need to reign in predatory lending..