spent: looking for change
trailer:
ridiculous ness
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April shared (documentary) and notes below fb:
“Spent: Looking for Change” This documentary is distressing beyond words. It’s about the reality of financial services in the US – a topic about which few know the gory details, and even fewer are able to speak persuasively.
70 MILLION Americans lack access to finance. The “poverty taxes” this entails – overdrafts, cashing fees, payday loans – are neverending. It’s not about being a bad credit risk. It’s about being dealt a weak set of cards in a game that’s rigged and distorted.
Also, mind you, this isn’t a zero sum game – it doesn’t mean that ‘rich’ clients would have to give up something in order for ‘poor’ clients to gain access. It’s simply about providing access to the same tools from the outset. That’s it.
This reminds me so much of microfinance in the developing world, yet in some ways an even more atrocious playing field given the sophistication of the game-playing that’s possible in more developed
15 min – exactly – money memories.. ness – can’t get stuff unless you have a debt.
22 min – oh my
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be you. 