Thursday, May 21, 2009

Why and how the poor pay more in the US.

A great insight into the lives of those to whom most of us cannot relate.

One interesting statistic from the article was about a "payday advance" business where the average annual interest rate was a whooping 806%! Imagine living on paycheck to paycheck and having to pay that kind of interest, even occasionally ...

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702053.html?g=0

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