Savings for the Poor
The Hidden Benefits of Electronic Banking
Normal Price: $38.50
Your Price: $34.65 AUD, inc. GST
Shipping: $7.95 per order
You Save: $3.85! (10% off normal price)
Plus...earn $1.73 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Savings for the Poor by Michael A. Stegman
Book DescriptionBeginning this year, federal payment recipients will receive their government benefits through electronic funds transfer (EFT)-- what most of us call direct deposit. Although cost-cutting is the driving force behind the move to a virtually all-electronic federal payment system, Michael Stegman believes the initiative has a far broader potential: to bring poor Americans into the banking mainstream. In this book Stegman outlines how many families will enter the mainstream banking system through EFT '99, as the program is called. He explains in careful detail the thinking behind the shift to EFT and the implementation of the program this year. He also argues that, for maximum success, EFT '99 should be combined with a program of national Individual Development Accounts (IDAs), dedicated savings accounts for low-income people that can be used for purchasing a first home, acquiring more education or job training, or starting a small-business. Essentially, EFT '99 will bring people into the banking system, and IDAs will give them an incentive to use the system to its fullest in order to make their money work for them and their children. There are other steps that the government can take to boost EFT's ability to help public aid recipients achieve self-sufficiency. It can: add a direct deposit option to state benefits payments programs; give banks significant additional Community Reinvestment Act Credit for establishing accounts for EFT recipients; and regulate fees for cashing government benefits and voluntary accounts so that people are not charged excessively for accessing their money. This book demonstrates that -- with careful planning and a relatively small investment -- the government's EFT initiative can have a major payoff in real assets and improved prospects for those who have been, for far too long, on the fringes of the country's mainstream banking system. Brookings Metro Series
Buy Savings for the Poor book by Michael A. Stegman from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780815780939
(229mm x 152mm x 15mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Sep-1999
Country of Publication: United States
Books By Author Michael A. Stegman
Investing in the Disadvantaged, Paperback (March 2009)» View all books by Michael A. Stegman
With budgets squeezed at every level of government, cost-benefit analysis (CBA) holds outstanding potential for assessing the efficiency of many programs. This book addresses the application of CBA to social policy. It discusses the applicability of CBA to actual programs, describing both proven and promising examples.
» Have you read this book? We'd like to know what you think about it - write a review about Savings for the Poor book by Michael A. Stegman and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Michael A. Stegman
Michael A. Stegman is professor of public policy and director of the Center for Community Capitalism in the Kenan Institute of Private Enterprise, University of North Carolina at Chapel Hill. He was previously Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. Joseph I. Lieberman is a former United States Senator from Connecticut.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.