"Turning Poverty Into a Multibillion-Dollar Industry":  Click here to hear me talking with Terry Gross about Broke USA.

The rest of the description from the "Fresh Air" website:

"Pawnshops, payday lenders, check cashers and rent-to-own companies take in $33 billion a year. In writing his new book, Broke, USA, Gary Rivlin discovered how the businesses justified making huge profits off the working poor."

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  • Great interview! Can't wait to read this book. This has been a big issue in Ohio where economic conditions were optimal for this type of industry to thrive like a bad weed. Excellent work exposing this industry!

  • Kyle Murray

    Enjoyed the interview and immediately bought your book afterwards. I haven't had a chance to read it yet, so I apologize if this question is addressed, but what is your opinion of microfinance institutions and what they are doing (Grameen Bank, Opportunity International, Kiva.org, etc.)? I love the concept of microfinance, but in some cases it seems the interest rates are comparable to the types of loans you mentioned in the interview.