The economically shallow thinkers will be all over this news.
US banks stand to collect a record $38.5bn in fees for customer overdrafts this year,according to research from Moebs Services.
Most of it comes from those who clearly have trouble handling their finances. Regular use of overdrafts is most common among consumers with low credit scores, ergo, they are high risk and banks need to charge the accounts to adjust for that risk.
Perhaps somewhere between sex education classes and sensitivity classes, educators could find time to teach a course on individual financial management.
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