Cora Lewis
๐ค SpeakerAppearances Over Time
Podcast Appearances
And this company was...
Helping her figure out month to month how to make her finances work is how they framed it to me.
The pattern that advocates have found is that while these are marketed as a way to make your life more stable, to be used maybe once or twice a year, what ends up happening is people really rely on these products every month.
And so those subscription fees and that 1% of rent every month really adds up.
It's hitting people who are already really strained and it becomes...
an additional strain on their finances.
In some ways, it shows that a lot of people have already overextended themselves on credit cards and are turning to these products and companies.
I think it is a sign of the affordability crisis.
These companies exist in the space between that unaffordability and people's
Cora Lewis is a business reporter at the Associated Press.
Thanks so much for having me.