AdvoCasey: Winter 2005

Double Jeopardy: AdvoCasey Explores the High Cost of Being Poor

Posted December 21, 2005
By the Annie E. Casey Foundation
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AECF Advocasey Winter2005 cover


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.

Findings & Stats

Statements & Quotations

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.