In a downward economy, an increasing number of families rely on credit cards to cover daily living expenses. While credit may be necessary to plug short-term gaps in income, it comes at a high price through soaring fees and interest rates, damage to credit scores, and burdensome debt that may take years to repay.
Join the National Council of La Raza (NCLR), the Pew Health Group, and the National Foundation for Credit Counseling for a discussion about the impact that a plastic safety net has on a family and what this means for a struggling economy. Also, learn more about recent findings in NCLR’s report, Survival Spending: The Role of Credit Cards in Hispanic Households. Please RSVP below to learn more about the trends and risks of survival spending.
Speakers:
- Janis Bowdler, Deputy Director, Wealth-Building Policy Project, NCLR
- Eleni Constantine, Director, Financial Security Portfolio, Pew Health Group
- Nick Bourke, Manager, Safe Credit Cards Project, Pew Health Group
- Gail Cunningham, Vice President of Public Relations, National Foundation for Credit Counseling
National Call on Survival Spending: The Costs of Charging Our Way Through an Economic Crisis Date: Thursday, January 28, 2010 Time: 3:00 p.m. EST/Noon PST Please RSVP for call-in details.
[Source: Excerpt from an electronic communication from the National Council of La Raza, January25, 2010.]
