No More Credit for the Lower Class

10.10.09

A couple of interesting pieces from today’s Wall Street Journal on the finances of the lower class.

The first is a piece outlining how credit cards are becoming less available to lower income Americans as the card companies try to cut out their riskiest customers and with new Federal guidelines for issuing credit, it won’t  be as easy for them to charge higher rates to riskier borrowers:

Wall Street Journal

The second short article brings to light the question of whether financial literacy is the civil rights issue of the current day:

Wall Street Journal

What do you think? Share your thoughts…

Chris Grande