Income inequality is mounting in Canada, making an wealth that is already inexcusable even even worse.
In accordance with wide range comes privilege вЂ” especially in Canadian banking.
Low-income residents of Canada face a substantial dual standard whenever it comes down to accessing banking services despite urgently wanting them, in accordance with a study of 268 ACORN Canada users, whoever findings had been posted today by the Canadian Centre for Policy AlternativesвЂ™ Ontario office.
The study outcomes reveal numerous have now been rejected use of really banking that is basic вЂ” such as for instance cheque cashing or overdraft protection вЂ” from traditional banking institutions.
But we have all for eating. And sleep. Then when the banks will not provide a connection over booming monetary water, numerous low-income people seek out payday loan providers to ferry them across.Read More »Behind the figures. Payday advances and bank double criteria