Predatory Lending Archives - Market Mad House

daniel September 6, 2015January 31, 2016 Bernie Sanders, debt peonage, he percentage of Americans identified as “upper income” was lower in 2013 than it was in 2000, Income Inequality, Income Inequality is a threat to Economic Growth, Income Inequality is Real, nearly 10% of Americans can no longer quality for a credit card, Nearly half of all US Households admitted they could not cover an unexpected expense of $400 or more without selling something or borrowing money, Payday Lending, percentage of Americans with no credit cards, Predatory Lending, student loans, The percentage of Americans identified as lower income was higher in 2013 than in 2000, unbanked households

Some Numbers prove that Income Inequality is real and more destructive than you think

The percentage of Americans with no credit cards in 2014 was 29%, up from 22% in 2008 and 20% in 2006, according to a Gallup Survey cited at creditcards.com. If these numbers are correct nearly 10% of Americans can no longer quality for a credit card or feel they cannot pay off the balance.