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The terms '''poverty industry''' or '''poverty business''' refer to a wide range of money-making activities that attract a large portion of their business from the [[poverty|poor]]. Businesses in the poverty industry often include [[payday loan]] centers, [[pawnbroker|pawnshops]], [[rent-to-own]] centers, casinos, liquor stores, tobacco stores, and credit card companies.<ref>{{cite journal |last=Rivlin |first=Gary |date=9 June 2010 |title=Fat Times for the Poverty Industry |journal=The Atlantic |quote=The pawnbroker, the subprime auto lender, and the rent-to-own operator might say the same. These and other merchants, part of what might be called the poverty business... |url=http://www.theatlantic.com/national/archive/2010/06/fat-times-for-the-poverty-industry/57906/ |accessdate=22 July 2013}}</ref><ref>{{cite web|title=EXPOSÉ on THE JOURNAL: The Business of Poverty |url=http://www.pbs.org/moyers/journal/08082008/profile.html|publisher=Bill Moyers Journal|accessdate=4 June 2010}}</ref><ref>{{cite web|last=Grow|first=Brian|title=The Poverty Business |url=http://www.businessweek.com/magazine/content/07_21/b4035001.htm?chan=search|publisher=Business Week|accessdate=4 June 2010}}</ref> Illegal ventures such as [[loansharking]] or drug-dealing or prostitution might also be included. The poverty industry makes roughly US$33 billion a year in the United States.<ref>{{cite book |last=Rivlin |first=Gary |title=Broke, USA: From Pawnshops to Poverty, Inc.—How the Working Poor Became Big Business |url=http://www.harpercollins.com/books/Broke-USA-Gary-Rivlin?isbn=9780061733208&HCHP=TB_Broke,+USA |accessdate=22 July 2013 |year=2010 |month=June |publisher=HarperBusiness |isbn=0061733210}}</ref>{{page needed}} In 2010, elected American federal officials received more than $1.5 million dollars in campaign contributions from poverty industry donors.<ref>{{cite journal |last=McNay |first=Don |date=29 July 2011 |title=Legalized Loan Sharks |publisher=The Huffington Post |quote=The poverty industry has given huge contributions to lawmakers. According to the Citizens for Responsibility and Ethics in Washington, payday lenders donated more than $1.5 million to federal office holders during the 2010 election cycle.}}</ref> |
The terms '''poverty industry''' or '''poverty business''' refer to a wide range of money-making activities that attract a large portion of their business from the [[poverty|poor]]. Businesses in the poverty industry often include [[payday loan]] centers, [[pawnbroker|pawnshops]], [[rent-to-own]] centers, casinos, liquor stores, tobacco stores, and credit card companies.<ref>{{cite journal |last=Rivlin |first=Gary |date=9 June 2010 |title=Fat Times for the Poverty Industry |journal=The Atlantic |quote=The pawnbroker, the subprime auto lender, and the rent-to-own operator might say the same. These and other merchants, part of what might be called the poverty business... |url=http://www.theatlantic.com/national/archive/2010/06/fat-times-for-the-poverty-industry/57906/ |accessdate=22 July 2013}}</ref><ref>{{cite web|title=EXPOSÉ on THE JOURNAL: The Business of Poverty |url=http://www.pbs.org/moyers/journal/08082008/profile.html|publisher=Bill Moyers Journal|accessdate=4 June 2010}}</ref><ref>{{cite web|last=Grow|first=Brian|title=The Poverty Business |url=http://www.businessweek.com/magazine/content/07_21/b4035001.htm?chan=search|publisher=Business Week|accessdate=4 June 2010}}</ref> Illegal ventures such as [[loansharking]] or drug-dealing or prostitution might also be included. The poverty industry makes roughly US$33 billion a year in the United States.<ref>{{cite book |last=Rivlin |first=Gary |title=Broke, USA: From Pawnshops to Poverty, Inc.—How the Working Poor Became Big Business |url=http://www.harpercollins.com/books/Broke-USA-Gary-Rivlin?isbn=9780061733208&HCHP=TB_Broke,+USA |accessdate=22 July 2013 |year=2010 |month=June |publisher=HarperBusiness |isbn=0061733210}}</ref>{{page needed}} In 2010, elected American federal officials received more than $1.5 million dollars in campaign contributions from poverty industry donors.<ref>{{cite journal |last=McNay |first=Don |date=29 July 2011 |title=Legalized Loan Sharks |publisher=The Huffington Post |url=http://www.huffingtonpost.com/don-mcnay/legalized-loan-sharks_b_912870.html |accessdate=22 July 2013 |quote=The poverty industry has given huge contributions to lawmakers. According to the Citizens for Responsibility and Ethics in Washington, payday lenders donated more than $1.5 million to federal office holders during the 2010 election cycle.}}</ref> |
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While the ethics of the poverty industry are debatable, this doesn't imply that the industry can't offer legitimate services or that all businesses of a given type should be considered part of the industry. |
While the ethics of the poverty industry are debatable, this doesn't imply that the industry can't offer legitimate services or that all businesses of a given type should be considered part of the industry. |
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The terms poverty industryorpoverty business refer to a wide range of money-making activities that attract a large portion of their business from the poor. Businesses in the poverty industry often include payday loan centers, pawnshops, rent-to-own centers, casinos, liquor stores, tobacco stores, and credit card companies.[1][2][3] Illegal ventures such as loansharking or drug-dealing or prostitution might also be included. The poverty industry makes roughly US$33 billion a year in the United States.[4][page needed] In 2010, elected American federal officials received more than $1.5 million dollars in campaign contributions from poverty industry donors.[5]
While the ethics of the poverty industry are debatable, this doesn't imply that the industry can't offer legitimate services or that all businesses of a given type should be considered part of the industry.
The pawnbroker, the subprime auto lender, and the rent-to-own operator might say the same. These and other merchants, part of what might be called the poverty business...
{{cite book}}: Unknown parameter |month= ignored (help)
The poverty industry has given huge contributions to lawmakers. According to the Citizens for Responsibility and Ethics in Washington, payday lenders donated more than $1.5 million to federal office holders during the 2010 election cycle.
{{cite journal}}: Cite journal requires |journal= (help)
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