Vegard Nygaard
@vmnygaard.bsky.social
Full Economist @RANDCorporation | AP @UHouston (on leave) | Macro, Inequality, Health, Regional Econ | PhD #UMNEcon | MA/BA @UniOslo | 🇳🇴 in 🇺🇸 | V=M RT≠E
Reposted by Vegard Nygaard
Recent RAND research finds that high fees, such as overdraft charges, create a barrier to traditional banking services.
"These costs are particularly high for low-income households, and the compounded effect of the fees is enough to keep the poor poor." www.wsj.com/opinion/bank...
"These costs are particularly high for low-income households, and the compounded effect of the fees is enough to keep the poor poor." www.wsj.com/opinion/bank...
Opinion | Banking Fees Keep Low-Income Customers Away
Our goal should be to bring more of the unbanked into the traditional banking sector.
www.wsj.com
January 4, 2025 at 2:10 PM
Recent RAND research finds that high fees, such as overdraft charges, create a barrier to traditional banking services.
"These costs are particularly high for low-income households, and the compounded effect of the fees is enough to keep the poor poor." www.wsj.com/opinion/bank...
"These costs are particularly high for low-income households, and the compounded effect of the fees is enough to keep the poor poor." www.wsj.com/opinion/bank...
Reposted by Vegard Nygaard
#EconSky
(I guess I forgot the tags— @aaronsojourner.org did I miss any other tags for things to come up in the econ universe??)
(I guess I forgot the tags— @aaronsojourner.org did I miss any other tags for things to come up in the econ universe??)
🚨🚨New WP w @vmnygaard.bsky.social!🚨🚨
We differentiate individuals that do not have a bank account and would one (the “unbanked”) from individuals that do not have a bank account and are not interested in one (the “out of banking population”). It matters for policy!
shorturl.at/TPDis
We differentiate individuals that do not have a bank account and would one (the “unbanked”) from individuals that do not have a bank account and are not interested in one (the “out of banking population”). It matters for policy!
shorturl.at/TPDis
November 23, 2024 at 11:37 PM
#EconSky
(I guess I forgot the tags— @aaronsojourner.org did I miss any other tags for things to come up in the econ universe??)
(I guess I forgot the tags— @aaronsojourner.org did I miss any other tags for things to come up in the econ universe??)