Shortchanged: Life and Debt in The Fringe Economy (UK PROFESSIONAL BUSINESS Management / Business)

Karger, Howard

ISBN 10: 1576753360 / ISBN 13: 9781576753361

Published by McGraw Hill / Europe, Middle East & Africa, 2005

About this Item

The number of people affected by the fringe economy is enormous - it's not just poor immigrants, but working and middle class families who are affected. This book chronicles how the fringe economy ruthlessly and systematically exploits the poor and middle classes. It provides both the facts and personal stories and includes real-life examples. Num Pages: 252 pages, illustrations. BIC Classification: 1KBB; KFFL. Category: (P) Professional & Vocational. Dimension: 241 x 160 x 27. Weight in Grams: 620. . 2005. Illustrated. hardcover. . . . . Books ship from the US and Ireland.

Seller Inventory # V9781576753361

Bibliographic Details

• Title: Shortchanged: Life and Debt in The Fringe Economy (UK PROFESSIONAL BUSINESS Management / Business)
• Publisher: McGraw Hill / Europe, Middle East & Africa
• Publication Date: 2005
• Language: English
• ISBN 10: 1576753360
• ISBN 13: 9781576753361
• Binding: Hardcover
• Condition: New

About this title

Synopsis

“An eye-opening read in the school of Barbara Ehrenreich’s Nickel & Dimed . . . shines a bright light on the economy’s darker side.” —Publishers Weekly (starred review)
 
Drive through a low-income neighborhood and you’re likely to see streets lined with pawnshops, check cashers, rent-to-own stores, payday and tax refund lenders, auto title pawns, and buy-here-pay-here used car lots. We’re awash in “alternative financial services” directed at the poor and those with credit problems. Howard Karger describes this world as an economic Wild West, where just about any financial scheme that’s not patently illegal is tolerated. 
 
Taking a hard look at this fringe economy, Karger shows that what seem to be small, independent storefront operations are actually part of a fully-formed parallel economy dominated by a handful of well-financed corporations, subject to little or no oversight, with increasingly strong ties to mainstream financial institutions. It is a hidden world, Karger writes, where a customer’s economic fate is sealed with a handshake, a smile, and a stack of fine print documents that would befuddle many attorneys. 
 
Filled with heartbreaking stories of real people trapped in perpetual debt, Shortchanged exposes the deceptive practices that allow these businesses to prey on people when they are most vulnerable. Karger reveals the many ways this industry has run amok, ruining countless people’s lives, and shows that it’s not just the poor but, more and more, maxed-out middle class consumers who fall prey to these devious schemes. Balancing compassion with a realistic awareness of the risks any business faces in working with an economically distressed clientele, Karger details hard-headed, practical recommendations for reforming this predatory industry.

About the Author

Howard Karger is a professor of social policy at the Graduate School of Social Work, University of Houston. He is a two-time Fulbright Scholar and has written nine books and more than 80 articles or book chapters in various national and international journals. His articles have also appeared in The Washington Monthly, The Jerusalem Report, Tikkun, and Ram- parts. Howard and his wife, Anna, live in Houston, Texas.