The Poor Pay More

Patricia Posey is Provost’s Postdoctoral Fellow at the University of Chicago and the Political Science Department’s junior faculty member for the Race and Capitalism Project. She specializes in race and American political economy. In this episode, Posey joins Michael Dawson to talk about payday loans and financial capitalism.

Related Readings:

Fringe Banking: Check-Cashing Outlets, Pawnshops, and the Poor

Book by John P. Caskey

Shortchanged: Life and Debt in the Fringe Economy

Book by Howard Jacob Karger

The Unbanking of America: How the New Middle Class Survives

Book by Lisa Servon

Broke, USA: From Pawn Shops to Poverty, Inc. - How the Working Poor Became Big Business

Book by Gary Rivlin

How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy

Book by Mehrsa Baradaran

Predatory Inclusion and Education Debt: Rethinking the Racial Wealth Gap

Written by Louise Seamster and Raphaël Charron-Chénier

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

Book by Keeanga-Yamahtta Taylor