The unexpected reasoning behind using check cashers and payday advance

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Frequently viewed as predatory, the check cashing market has actually been growing. Lisa Servon questioned why lower-income individuals who were having a hard time would cash checks rather of getting a savings account, so she took a task as a cashier to learn. What she discovered– that it’s typically less expensive– is the topic of her brand-new book, “The Unbanking of America.” Economics reporter Paul Solman reports.