Good reading for April 1st:
- Can Poor People Be Taught to Save? – New York Times – This NYT article on poor people and saving applies, I think, to a great many people who aren’t poor, too: “In many cases, people didn’t save not because they actually couldn’t, Caskey discovered, but because they believed they couldn’t.”
- Color of Money Book Club – washingtonpost.com – Interview with the director of “Maxed Out,” James Scurlock, about credit card debt and how it affects Americans.
- Converting Egg Credit Card Statements to Ofx (for upload to wesabe) – Wesabe user Chris Roos, who banks at Egg in the UK, put together this Ruby script to convert Egg statements into OFX, since Egg doesn’t provide data downloads. Great stuff! We’re going to look at adding this to the Wesabe APIs.
April 2, 2007 at 6:22 am
Three great links, Marc!
BTW, George Hofheimer from the Filene Research Institute (filene.org) just posted an interview with Scurlock, too, with a focus on bank vs. credit union.
http://filene.org/blog/post/maxedout
April 5, 2007 at 9:16 am
Trey,
Thanks for the post. I think he gets right to the nub of the issue: credit unions have to be better at promoting the difference.