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The High Cost of Being Poor. Peter Gorman.

by Gorman, Peter; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 39Business. Publisher: World & I, 2005ISSN: 1522-3191;.Subject(s): Bankruptcy | Credit card fees | Credit counseling | Food stamps -- Law and legislation | Poor | Poverty | Predatory lending | Public welfare | Temporary Assistance for Needy Families | Welfare Reform Act 1996 | Working poorDDC classification: 050 Summary: "Welfare reforms instituted in 1996 are hitting home with a vengeance, housing programs are being cut back, and financial institutions--from banks to credit card companies--are finding new ways to add fees and jack up rates. Worse, an overhaul of bankruptcy laws that was just enacted into law makes even that extreme measure more difficult to use and considerably more expensive for most people who still fall within the new parameters." (WORLD & I) The article discusses the hardships that the poor face, even while employed, due to changing government and financial regulations.
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REF SIRS 2006 Business Article 39 (Browse shelf) Available

Articles Contained in SIRS Enduring Issues 2006.

Originally Published: The High Cost of Being Poor, Aug. 2005; pp. n.p..

"Welfare reforms instituted in 1996 are hitting home with a vengeance, housing programs are being cut back, and financial institutions--from banks to credit card companies--are finding new ways to add fees and jack up rates. Worse, an overhaul of bankruptcy laws that was just enacted into law makes even that extreme measure more difficult to use and considerably more expensive for most people who still fall within the new parameters." (WORLD & I) The article discusses the hardships that the poor face, even while employed, due to changing government and financial regulations.

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