File:PayPal and the Poor (47305545111).jpg
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Summary
| Description |
PayPal CEO Dan Schulman with Michael Milken at the Montgomery Summit today:
“It’s expensive to be poor. The poor in America spend 10% of their disposable income on fees and transaction costs that the rich don’t pay. That’s the same amount they spend on food. $140B per year in unneeded fees. We can reduce those fees.”
“Bank closings tend to be in poor neighborhoods.”
“When we lend to these people, sales grow 22% versus a control group at 1%.”
“From my time with Richard Branson, I learned that business must be a force for good.”
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| Date | |
| Source | PayPal and the Poor |
| Author | Steve Jurvetson from Los Altos, USA |
Licensing
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This image was originally posted to Flickr by jurvetson at https://flickr.com/photos/44124348109@N01/47305545111 (archive). It was reviewed on 20 February 2020 by FlickreviewR 2 and was confirmed to be licensed under the terms of the cc-by-2.0. |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 16:56, 20 February 2020 | | 4,502 × 3,648 (2.56 MB) | RandomUserGuy1738 | Transferred from Flickr via #flickr2commons |
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