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Savings for the Poor: The Hidden Benefits of El. Stegman, Lieberman<| - Picture 1 of 1

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

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New

Title: Savings for the Poor: The Hidden Benefits of Electronic Banking Item Condition: New. Used-like N : The book pretty much look like a new book. There will be no stains or markings on the book, the cover is clean and crisp, the book will look unread, the only marks there may be are slight bumping marks to the edges of the book where it may have been on a shelf previously.

About this product

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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.