Charging Quote by Barbara Ehrenreich
“Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.”
About This Quote
Source Book: Nickel and Dimed, 2001
Predatory lenders exploit the poor with exorbitant interest rates.
In simple terms: Usurious loans harm low‑income people.
Key Takeaway
Beware and oppose exploitative lending.
Themes
economic injustice
predatory lending
poverty
Mood
critical
concerned
Type
advocacy
social justice
When to use this quote
- personal finance
- policy advocacy
- community lending
Key Concepts
usury
financial exploitation
income inequality
Questions to Reflect On
- What alternatives exist for affordable credit?
- How can communities protect vulnerable borrowers?
A Different Perspective
Regulation may be hard to enforce.
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