Jonathan Morduch
Born
in The United States
October 03, 1963
Twitter
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More books by Jonathan Morduch…
“Even more than savings, debt is freighted with moral baggage. We even use two different words for the same thing: credit and debt. When you apply for a loan, you fill out a credit application, while lenders make a decision to give you money based largely on your credit score. The most common borrowing vehicle for Americans is a credit card. If instead the process involved filling out a debt application, checking our debt score, and using a debt card, many of us might consider our actions differently.”
― The Financial Diaries: How American Families Cope in a World of Uncertainty
― The Financial Diaries: How American Families Cope in a World of Uncertainty
“Nationally, 22 percent of Americans reported overdrawing their bank accounts at least once in the previous twelve months,”
― The Financial Diaries: How American Families Cope in a World of Uncertainty
― The Financial Diaries: How American Families Cope in a World of Uncertainty
“Housing costs are also squeezing middle- and lower-income families. For the poorest third of households, housing expenses have increased more than 50 percent since the mid-1990s and for the middle third, about 25 percent.”
― The Financial Diaries: How American Families Cope in a World of Uncertainty
― The Financial Diaries: How American Families Cope in a World of Uncertainty
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