Banking Options in Low-Income Communities

Author:

Jonathan Osler

Resource Type:

Lesson Plans

Math Content:

Interest, Compound Interest, Percent Growth

Justice Issues:

Financial Exploitation, Payday Loans, Check Cashing, Banking, Low-Income, Poverty

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Description:

Students explore how exploitative financial institutions are prevalent in low-income communities, and the mechanisms they use to take advantage of people. Students investigate compounding interest on loans.