The Poor Pay More

Patricia Posey is Provost’s Postdoctoral Fellow at the University of Chicago and the Political Science Department’s junior faculty member for the Race and Capitalism Project. She specializes in race and American political economy. In this episode, Posey joins Michael Dawson to talk about payday loans and financial capitalism. Related Readings: Fringe Banking: Check-Cashing Outlets, Pawnshops, and the Poor Book by John P. Caskey Shortchanged: Life and Debt in the Fringe Economy Book by Howard Jacob Karger The Unbanking of America: How the New Middle Class Survives Book by Lisa Servon Broke, USA: From Pawn Shops to Poverty, Inc. - How the Working Poor Became Big Business Book by Gary Rivlin How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy Book by Mehrsa Baradaran Predatory Inclusion and Education Debt: Rethinking the Racial Wealth Gap Written by Louise Seamster and Raphaël Charron-Chénier Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership Book by Keeanga-Yamahtta Taylor