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 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. 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. In 2010, elected American federal officials received more than $1.5 million in campaign contributions from poverty industry donors.
See also
- Economic inequality
- Misery index (economics)
- Working poor
References
Further reading
- Hudson, Michael, ed. (1993). Merchants of Misery: How Corporate America Profits From Poverty. Introduction by Maxine Waters. Common Courage Press. ISBNÂ 978-1567510829. Retrieved 22 July 2013.Â
- Caskey, John P. (1996). Fringe Banking: Check-Cashing Outlets, Pawnshops and the Poor. Russell Sage Foundation. ISBNÂ 978-0-87154-180-2. Retrieved 22 July 2013.Â
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