Picture 1 of 1

Stock photo

Savings for the Poor, Michael A. Stegman, Paperba - Picture 1 of 1

Savings for the Poor: The Hidden Benefits of Electronic Banking by Michael Stegman (Paperback, 1999)

pbshop.store (271330)

99.1% positive Feedback

Price:

£20.03

Free postage

Estimated delivery Thu, 3 Jul - Wed, 9 Jul

Returns:

30 days return. Buyer pays for return postage. If you use an eBay delivery label, it will be deducted from your refund amount.

Condition:

New

About this product

Product Information

At the beginning of 1999, federal payments began to be made via electronic funds transfer (EFT); the motive behind this move was a drive towards efficiency and cost-cutting. In this text, the author argues that the initiative has a far broader potential: to bring poor Americans into the banking mainstream. Savings for the Poor outlines how many families w ill enter the mainstream system through EFT'99, as the programme is called. Stegman proposes that it be combined with a programme of national Individual Development Accounts (IDAs) - dedicated savings accounts for low-income people that can be used for purchasing a first home, acquiring more education or job training, or starting a small business.