Your credit card rewards? Brought to you by poor, cash-payers.
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Your credit card rewards? Brought to you by poor, cash-payers.
A Federal Reserve study finds that low-income households — more likely to pay in cash — foot the bulk of credit-card use and rewards programs for the rich. Authors call it a “regressive transfer of income from low-income to high-income consumers.”
Read more on The Oregonian



