29
Jul
Your credit card rewards? Brought to you by poor, cash-payers.
Posted by admin, under espresso
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
