Credit Quote by Dan Schulman
“We all have people who are literally one life shock away from going into a crisis. For many of us, we have a buffer in one way or another. We have a savings account, or we have credit that we can go to. The underserved don't have that luxury.”
About This Quote
Source Speech: Financial Inclusion Forum, Dan Schulman, 2020
Many have financial cushions; the underserved lack safety nets, making crises far more damaging for them.
In simple terms: Safety nets protect against crisis.
Key Takeaway
Advocate for broader financial safety nets.
Themes
finance
inequality
security
Mood
concerned
empathetic
Type
social
economic
When to use this quote
- personal budgeting
- community aid
- policy advocacy
Key Concepts
social safety nets
economic policy
Questions to Reflect On
- How can individuals support financial inclusion?
- What policies best protect the vulnerable?
A Different Perspective
Building safety nets requires systemic change.
