AdvoCasey: Winter 2005

Double Jeopardy: AdvoCasey Explores the High Cost of Being Poor

By the Annie E. Casey Foundation

December 21, 2005

Summary

This edition of AdvoCasey documents the high cost of being poor in eye-opening detail — including the immense cost of credit paid by many low-income families.
AdvoCasey is a seasonal publication with themed issues that spotlight programs and policies making measurable differences in the lives of kids and families.

Table of Contents

Key Takeaway

Predatory lenders are hardly equal-opportunity offenders

Predatory lenders lace their loans with exorbitant extras like balloon payments, mortgage insurance charges, prepayment penalties. Most often, their victims are blacks, Latinos and other minorities.

Findings & Stats

Statements & Quotations