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Author:Barr, Michael S. 

Working Paper
And banking for all?

This paper presents data from a new survey of low- and moderate-income households in Detroit to examine bank account usage and alternative financial service (AFS) products. We find that for the vast majority of households, annual outlays on financial services for transactional and credit products are relatively small, around 1 percent of annual income. This estimate is lower than those extrapolated by previous work using the posted fees of financial services alone, suggesting that LMI households do not always choose the most expensive financial services option. This evidence is also ...
Finance and Economics Discussion Series , Paper 2009-34

Conference Paper
Concluding remarks : entrepreneurship in low and moderate income communities

Proceedings: Community Affairs Dept. Conferences , Issue Jul , Pages 195-207