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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 |
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 |publisher=Bill Moyers Journal |url=http://www.pbs.org/moyers/journal/08082008/profile.html |accessdate=4 June 2010}}</ref><ref>{{cite web |last=Grow |first=Brian |title=The Poverty Business |publisher=Business Week |url=http://www.businessweek.com/magazine/content/07_21/b4035001.htm?chan=search |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 |date=June 2010 |title=Broke, USA: From Pawnshops to Poverty, Inc.—How the Working Poor Became Big Business |publisher=HarperBusiness |isbn=0061733210 |page= |url=http://www.harpercollins.com/books/Broke-USA-Gary-Rivlin?isbn=9780061733208&HCHP=TB_Broke,+USA |accessdate=22 July 2013}}</ref>{{page needed|date=July 2013}} In 2010, elected American federal officials received more than $1.5 million 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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==See also== |
==See also== |
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==Further reading== |
==Further reading== |
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*{{cite book |editor-last=Hudson |editor-first=Michael |others=Introduction by Maxine Waters |title=Merchants of Misery: How Corporate America Profits From Poverty |
*{{cite book |editor-last=Hudson |editor-first=Michael |others=Introduction by Maxine Waters |date=1993 |title=Merchants of Misery: How Corporate America Profits From Poverty |publisher=Common Courage Press |isbn=978-1567510829 |url=http://www.commoncouragepress.com/index.cfm?action=book&bookid=082 |accessdate=22 July 2013}} |
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*{{cite book |last=Caskey |first=John P. |title=Fringe Banking: Check-Cashing Outlets, Pawnshops and the Poor |
*{{cite book |last=Caskey |first=John P. |date=1996 |title=Fringe Banking: Check-Cashing Outlets, Pawnshops and the Poor |publisher=Russell Sage Foundation |isbn=978-0-87154-180-2 |url=https://www.russellsage.org/publications/fringe-banking |accessdate=22 July 2013}} |
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{{Industries}} |
{{Industries}} |
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 in campaign contributions from poverty industry donors.[5]
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...
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.
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Major industries
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