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Savings, Insurance and Credit

  • Anthea Masey

Abstract

Poor people do not just have less wealth than rich people — they have different kinds of wealth And some of the forms of wealth held by the poor are less good value than assets commonly held by the rich — they accumulate more slowly or lose their real value faster. Outlets for poor people’s savings — including pensions and insurance — are restricted and are often poor investments: and their ability to accumulate physical assets is weakened by difficulties in obtaining credit (‘reverse saving’) at reasonable rates of interest.

Keywords

Life Insurance Credit Union Life Insurance Company Building Society Expense Ratio 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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    Occupational pension schemes 1971. Fourth survey of the government actuary, London, HMSO, 1972Google Scholar
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    House of Commons Hansard. 5 April 1977Google Scholar

Copyright information

© National Consumer Council 1977

Authors and Affiliations

  • Anthea Masey

There are no affiliations available

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