Steve Oh is the Chief Operating Officer of The Young Turks, who is distributing the documentary, Spent: Looking for Change. Many of the under-served don’t have access to banks and rely on pre-paid cards, but they aren’t the easy solution flashy commercials might have you think. Fees pile up, making a tough financial situation even tougher. Steve Oh talks the Dave Rubin about how simple mistakes can turn into huge financial problems and TYT’s involvement with “Spent.”
Watch the documentary here:
http://youtu.be/YAxL4TB6pmQ
Spent: Looking for Change is a film about everyday Americans without the financial options most of us take for granted and the movement giving them renewed hope. To find out more and take action, visit http://spentmovie.com/.
Turning to pawn shops, check cashing services, and using payday loans to meet basic financial needs can be costly for many of us, with $89 billion a year going to fees and interest* for using these types of alternative financial services.
It’s time for change. New technology, new ideas and encouraging dialogue around this issue can help make managing money simple and more affordable.
American Express is presenting this documentary to help improve financial inclusion in the United States. Academy Award®-winning filmmaker Davis Guggenheim is the executive producer of the documentary which is narrated by Tyler Perry and directed by Derek Doneen.
*Source: CFSI, November 2013 Market Sizing Report
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