The High Cost of Being Poor.
Peter Gorman.
- World & I, 2005.
- SIRS Enduring Issues 2006. Article 39, Business, 1522-3191; .
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.
1522-3191;
Welfare Reform Act 1996
Bankruptcy Credit card fees Credit counseling Food stamps--Law and legislation Poor Poverty Predatory lending Public welfare Temporary Assistance for Needy Families Working poor