Broke, USA: From Pawnshops to Poverty, Inc.—How the Working Poor Became Big Business

Broke, USA examines the poverty industry, one of America's largest and fastest-growing businesses. Following the 2008 financial crisis, entrepreneurs have capitalized on deregulation to create high-priced financial products marketed to the credit-hungry working poor, including instant tax refunds and payday loans. These businesses—pawnbrokers, check cashers, and related lenders—have built an industry larger than the casino business by serving those with limited financial resources. Gary Rivlin's report documents this economic sector from its fringes, presenting accounts of industry practices and their effects on ordinary Americans. The book explores how these businesses operate, the tactics they employ, and the wealth their leaders have accumulated. Through anecdotes and statistics, Rivlin examines why the country faces financial challenges and gives voice to millions affected by the economic collapse.