Economic mobility

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You’ve heard the catchy jingles on television for title loans.  You’ve seen storefronts for payday loans and pawn shops on every corner in certain parts of town.  But if you’re like many South Carolinians, you don’t know much about the “payday lending” industry. Some of our...

More than one in four households in Greenville County have zero or negative net worth.  Almost 20% of households are underbanked (using pawn shops, payday loans, or non-bank money orders to get by).  It would take 228 years for black families to accumulate the same...

On May 4, 2015, many of us in Greenville County, SC were confronted by an interactive feature in the New York Times online. The Atlas of Economic Mobility, developed through research by Raj Chetty and Nathanial Hendren, revealed that we live in one of the worst...