Transaction costs factoid(s) of the day

Published January 24th, 2008

– “Over a lifetime, the average full-time, unbanked worker will spend more than $40,000 just to turn his or her salary into cash.”

– “[T]he number of check cashers, payday lenders and pawnshops is more than double the number of McDonald’s franchises in the United States.”
(Source: WSJ op-ed, 1/24/08)
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