Today nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their low- and middle-income customers, while serving only the wealthiest Americans.
Lisa Servon'sThe Unbanking of America: How the New Middle Class Survives is an indictment of America’s banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void.