Starving Payday Lenders. Targeted Faith-Centered Financial Literacy trained in a Context of Concentrated Poverty

Starving Payday Lenders. Targeted Faith-Centered Financial Literacy trained in a Context of Concentrated Poverty

The Context

The town of Fresno, California, currently gets the 2nd rate that is highest of concentrated poverty1 within the country among big metropolitan areas.2 this can be a noticable difference. Into the Brookings Institute identified Fresno as obtaining the highest price of concentrated poverty of every big town into the U.S.,3 as well as for https://titlemax.us/payday-loans-wv/walton/ years this has resided with that moniker. That said, Fresno nevertheless has 45 census songs where 40 % or maybe more residents reside underneath the federal poverty line.4 Too little a diversified economy, reliance on migrant work as well as an under-educated workforce gas this generational poverty.

One results of this financial the truth is a complex vulnerability associated with the basic populace to financial exploitation. Continue reading “Starving Payday Lenders. Targeted Faith-Centered Financial Literacy trained in a Context of Concentrated Poverty”