Credit in America: Myth Busting and Case Making to Expand Credit Building for Low-Income Americans

On September 18, 2018, the Urban Institute will host a discussion at their D.C. headquarters led by a Washington Post columnist to address misconceptions about credit, specifically credit for low-income families. Having poor or no credit is a serious barrier to overcoming poverty because it creates high transaction costs and limits opportunities to invest in homes or cover emergencies. Thus, policymakers and researchers will discuss the facts on credit and why credit-building should be expanded for low-income Americans.