00:07
hey good how are you good I owe you
00:10
money
00:11
you're gonna pay the whole balance yeah
00:14
which is 360 yeah how much did you say
00:24
you spend in expenses every month the
00:27
monthly expenses are primarily business
00:30
expenses mislay stuff for the kids be it
00:32
field trips lunch money ask money
00:34
60 80 maybe hundred bucks a week and get
00:36
electricity I have insurance insurance
00:39
health insurance a medicines for the
00:42
kids and as when bill gets paid off in
00:44
the next month there's more money for
00:46
people to go to the movies it's over 100
00:48
150 for phone a lot of little expenses
00:51
and day expenses would I be able to do
00:54
like a swap of machines to get horses
00:57
every month we spent anywhere from 2800
00:59
to $3,500 sometimes I'm left with hardly
01:02
anything it sometimes is nail-biting
01:05
it's a rollercoaster I have all this
01:08
massive dad behind me and it feels so
01:11
overwhelming we all want to get the most
01:13
out of life great family and education a
01:17
business a home so three bedrooms / four
01:22
but for a growing number of Americans
01:24
the price of getting ahead is higher
01:27
because of the financial system that
01:29
leaves millions underserved just have to
01:32
kind of tuck your chin to your chest and
01:34
keep going forward don't give up
01:36
even when you want to there's not ever
01:39
the option to not make it work I have to
01:55
you ready yeah let's race
02:09
I grew up dirt poor we were on welfare
02:13
we were on food stamps I remember the
02:17
first day of school you know everybody's
02:19
always got their best gear on
02:20
everybody's ready for the first day of
02:21
school and my best kid came from
02:22
Goodwill I often look back at my life
02:25
from an early age there was a lot of
02:27
wanting and disappointment
02:29
despite his tough past Justin's built a
02:33
small production company and wants to
02:35
start a life with his girlfriend
02:36
Brittany now that I'm gonna told and I'm
02:39
making it
02:39
I wonder came home family on my back so
02:41
nobody ever has to water worry
02:54
see that I love Brittany I'm gonna buy a
02:58
ring and I'm gonna make her my wife I'm
03:01
gonna do the things that are take us
03:02
there
03:03
he makes a good living shooting videos
03:06
for corporate clients I see a lot of
03:11
potential where we're at and where we're
03:13
going but while business is good
03:15
Justin's at a disadvantage I get checks
03:19
from clients and I leave the luster and
03:22
grandeur of Downton when I go uptown
03:25
right into the check cashing place
03:34
justin is one of 70 million Americans
03:37
who lack access to the traditional
03:39
financial system and as that number
03:41
grows it includes more and more people
03:44
who once lived in the mainstream very
03:48
good okay now write that number down cuz
03:50
we're gonna subtract so we really want
03:53
him and 96 take away 149 my total answer
03:58
is 87 you cooking with Crisco take you a
04:06
minute to cook the meal but you're doing
04:07
a good job you have to be your child's
04:11
first teacher I told you you could do it
04:15
and I believed in you
04:18
just have to apply yourself and work
04:20
hard my mom taught me pay what you owe
04:24
and save so I saved savings accounts
04:28
401ks credit cards with wonderful limits
04:33
wanted to have something to leave for my
04:36
daughter we know we need an hour of math
04:39
every night and we know we need at least
04:42
30 minutes of reading every day I want
04:45
her to be able to find success in
04:48
whatever her dreams are I chose to put
04:51
her in private school because I don't
04:53
want to ever compromise on her education
04:56
I love you have a great day honey be
04:59
good good luck on your test
05:02
Tiffani worked as a nurse to provide for
05:05
her family and built a nest egg for her
05:07
daughter's future my 401 K was almost a
05:12
hundred thousand life was good I was
05:16
living the American dream
05:25
hey honey yeah you were right there's a
05:29
little too much water well they'll be
05:34
crepes some of them will be crepes and
05:36
some will be pancakes dude I like it
05:38
when Melissa first met Alex he had a
05:41
career in the music industry and was
05:43
doing what he loved most I love this
05:47
thing after one of the shows I went up
05:50
and talked to Alex and kinda hit it off
05:53
no kind of batter we just hit it off we
05:55
hit it off about ten weeks after our
05:59
first date he asked me to marry him just
06:02
like everything else in my life the
06:04
family thing happened pretty quickly
06:06
with two kids and two incomes Alex and
06:09
Melissa had a healthy happy home how's
06:13
your good everyone was doing well and
06:15
then our reality changed overnight their
06:20
son was diagnosed with autism
06:22
shortly after Alex was diagnosed with
06:25
multiple sclerosis it was terrifying and
06:29
then what happened was as I focused on
06:32
the kids does it matter
06:33
yes oh boy what do you want to get go
06:35
burn Jane Burlington go play with ten
06:38
not today
06:40
hey we're we're doing today Jonah look
06:42
up money yeah I can tell you to go and
06:47
I'll get scheduling but if you don't go
06:49
I can read it mom you got his attention
06:54
eyes I had just gotten a new job I had
06:59
steady income but then my mom was
07:03
diagnosed with cancer
07:06
that's my number one patient how can I
07:09
take care of somebody else when I have
07:12
my mom suffering at home Tiffany decided
07:16
to leave her job so she could focus
07:17
full-time on her mother's health I
07:20
thought that I could come back to the
07:22
workforce and just pick up where I left
07:24
off the picture of the financially
07:28
unstable is a picture of you and me but
07:31
for a couple of breaks between Alex's
07:35
illness and Jonah's diagnosis this
07:38
became this huge expense that we had no
07:41
contingency plan for we had no savings
07:43
for Alex's illness affected his ability
07:46
to work and he was forced to give up his
07:48
job so they did what many Americans - at
07:53
their bank if a bill came up and we
07:55
needed to pay for the power or the cable
07:57
we knew we could go ahead and write a
07:59
check and it would clear when a customer
08:02
withdraws more money than they have in
08:03
their account they can give their bank
08:05
permission to cover that cost with an
08:07
added fee this is called overdraft
08:09
protection banks were increasingly
08:13
looking for profits from these classic
08:17
consumer check accounts some customers
08:20
didn't make money for banks so they
08:22
found other ways to meet costs what most
08:25
banks were doing as a customary practice
08:27
was this check reordering or it's also
08:29
called high-low check sequencing when
08:31
Alex and Melissa paid their bills their
08:33
grocery and student loan checks cleared
08:35
okay but the price of power went up and
08:38
that bill emptied their account one
08:41
overdraft fee thirty five dollars but if
08:44
all three debts posted on the same day
08:46
their bank had software that reordered
08:48
their purchases power bill first then
08:51
loan than groceries three overdraft fees
08:55
105 dollars the fees became so much
09:00
payday would come and we'd be back to
09:02
zero
09:03
eventually what the bank will do is boot
09:05
them out of the system and close the
09:07
account because they feel like they're
09:08
not gonna riku their debt if banks can't
09:11
keep those customers there's an
09:12
alternative that will every year over 30
09:17
million Americans use check cashers and
09:20
for many of them the service works they
09:23
are open later they remember my name
09:25
they're offering uh we can get you what
09:28
you need right now kind of solution a
09:30
huge amount of business gets done at
09:32
check cashers because people can get
09:33
their money right away and they need
09:35
their money right away we've all had to
09:38
wait a couple of days for a check to
09:39
clear it's because when a bank clears a
09:42
check it has to be scanned verified and
09:45
processed by system that was built in
09:47
the era of rotary phones most Western
09:50
nations have found faster ways to clear
09:52
our funds but not the US so Americans
09:56
have to wait three to five days from now
09:57
isn't acceptable for tens of millions of
09:59
Americans if your lights gonna go up
10:01
tomorrow you need to be able to have
10:03
that clear now I'm not exactly sure when
10:06
it's gonna clear and I have to pay my
10:08
bills you go to the check casher you get
10:11
the money back - the fee you have that
10:15
money in your hands right at that moment
10:18
it's not an irrational choice it's just
10:22
not a productive choice and it's a
10:23
costly choice underserved Americans
10:26
spend the same percent of their income
10:28
on fees and interest as the typical
10:31
American family spends on groceries that
10:35
amounts to eighty nine billion dollars a
10:37
year as a way to avoid fees Alex and
10:44
Melissa decided to live on cash we have
10:47
cash on hand and that's money that we
10:49
have this is all we can spend so when
10:52
the money runs out that's it
11:01
on pay day at getting to the places I
11:04
can get the bills paid on time
11:06
I know worry is good
11:09
I'm here to pay the power
11:18
so money is not a problem I'm Dylan
11:20
being unbanked is really something like
11:23
having a part-time job I probably spend
11:29
quarter tank hefting gas driving on and
11:32
paying bills you're gonna spend more
11:34
money and more time doing things that
11:37
people who are in the banking system
11:38
take for granted and usually do for free
11:41
you go to a check casher you are
11:43
automatically having to pay somebody to
11:45
get your money now you want to pay a
11:47
bill will you have a wad of cash how are
11:49
you gonna pay your bill I know how you
11:52
do I just need to put some money on this
11:53
card money is becoming more and more
11:56
digital which means there are less
11:58
places that accept cash that makes life
12:01
for the underserved even more expensive
12:03
we have prepaid debit card and the money
12:06
that's on the card is real cash it's
12:08
cash that I directly hand the people and
12:09
they turn it into fake money for me it's
12:12
convenient no if you don't have a bank
12:13
account you can still do everything
12:14
everybody else does but you get taxed
12:17
Justin not only pays a fee turning his
12:19
checks into cash and it's cash into a
12:21
car he pays a fee for every purchase he
12:24
makes there's the transaction and
12:26
there's a buck in the transaction in a
12:27
buck and buck all the way down to boring
12:30
man it just kills you very quickly you
12:33
can lose 80 bucks a month cashing your
12:35
checks and another 100 bucks a month
12:37
spending your money over the course of
12:39
his career Justin could spin up to forty
12:41
thousand dollars just to turn his
12:43
paychecks into cash and another thirty
12:45
thousand dollars using his card and
12:47
that's just not how you get ahead it's
12:51
not how you think about the future this
12:53
is like fully hand-stitched and you know
12:57
I have to like stitch every single I
12:59
have to make every single hole before I
13:01
stitch it nice yeah like every single
13:03
one debbie is a designer struggling to
13:05
grow her business but she is used to
13:08
overcoming odds like being the first in
13:11
her family to graduate from college
13:12
more than being proud for myself I was
13:15
happy that I could make my parents proud
13:16
when she was 14 she emigrated from
13:19
Argentina with her parents
13:22
her father worked construction and her
13:26
mother cleaned homes both my parents
13:28
like people who work really hard and
13:32
sacrifice our whole lives
13:34
Debbie applied her parents work ethic
13:36
and put herself through college with
13:38
student loans then started her own
13:41
business making leather bags by hand my
13:48
mom said you were this tall you came up
13:51
to me and asked me for a needle and
13:52
thread she gave it to me and I started
13:57
making clothes for my dolls so I figure
14:04
out how to sew on my own when I was 4
14:05
years old
14:16
after six months her bags are starting
14:18
to sell beautiful the crossbody love it
14:24
love it love weight to her now I can see
14:27
all of these stores and I can see my
14:30
company growing I can see it but because
14:35
soon and loans have weakened her credit
14:37
Debbie's dream has a limit banks use
14:43
credit to measure a person's ability to
14:45
repay a loan they look at a limited set
14:48
of data length of credit history past
14:50
loan payments and debt if you've never
14:54
taken out a loan or a line of credit
14:56
you're invisible to the credit scoring
14:58
system I thought I was being responsible
15:00
by not having credit cards and we
15:03
already had a lot of friends who were
15:04
really getting into that trap of maxing
15:08
out a card so we got to get another
15:09
credit card and another credit card and
15:11
we didn't want to go that route not
15:13
having a credit card may have saved Alex
15:15
and Melissa from debt but it hurt them
15:18
when it came time to get a loan we tried
15:20
to buy a car we went to a car dealership
15:22
and the car dealership told me you would
15:25
more likely get a mortgage than you'd be
15:27
able to buy a car and we reached out to
15:30
a bank to say okay let's see we can get
15:32
a mortgage and so you'd never be able to
15:35
get a mortgage you should try to get a
15:36
car there are lots of financial
15:39
transactions one under tanks that are
15:41
not actually tracked and the credit
15:44
system and so people who looked like a
15:47
high financial risk might not be when a
15:50
bank looks at a borrower it doesn't see
15:53
their monthly bill payments or rent or
15:55
hard work it sees a number and if that
16:00
number is damaged by past mistakes it's
16:03
very difficult to recover people often
16:07
judge me on the choices I've made not
16:08
knowing the options that I had
16:11
you
16:16
Justin had to grow up fast
16:20
when he was a teenager his family fell
16:22
apart so at 16 justin was on his own
16:27
paying rent and working every job he
16:30
could just to support himself whatever
16:34
his paycheck didn't cover he put on the
16:36
card you can't get to work you need to
16:38
pay somebody gas money you can even get
16:39
some food whatever I needed like that
16:42
had to get taken care of that I couldn't
16:43
do
16:44
I wasn't grown enough yet to address
16:47
these mistakes in this situation in the
16:49
proper fashion so you know what does a
16:51
kid do they run Justin stop paying on
16:53
his debt a mistake he's been working to
16:56
overcome ever since
16:58
when we set up shoots we'll have to live
17:01
cameras out and the still or we might
17:03
run her still as alive and while he's
17:05
taking his life in business in new and
17:07
better directions banks don't see where
17:10
he's going they only see where he's been
17:12
it's just frustrating because you know
17:14
we've worked really hard for a really
17:16
long time it's it's so hard to find a
17:17
house
17:18
yeah with his lease running out Justin
17:20
wants to buy the kind of home he never
17:22
had growing up a lot of these places are
17:25
I mean they're like that their town owes
17:27
their all for lease they're never for
17:29
sale I can check on Craigslist okay
17:32
thanks I think it's smarter to check
17:34
okay exist the house that we can afford
17:37
we're not gonna be able to get if she's
17:39
the only one on the papers it's not
17:40
enough with just her income but if I was
17:42
on the papers my credit so bad that it
17:44
would negatively impact us and we
17:45
wouldn't get the house so I have a
17:49
couple of things that I needed to get
17:53
so you guys do the smaller order still
17:55
right yeah okay Debbie has close to
17:59
$100,000 in student loans but even
18:02
though she pays a bill every month the
18:04
debt makes it hard for her to move on in
18:07
terms of pricing I guess that makes a
18:09
difference these are more expensive they
18:11
are okay
18:12
millions I've had their credit scores
18:14
impacted by having student loan debt and
18:17
it's really stunting future
18:19
opportunities for for the next
18:22
generation you know what I do need knobs
18:24
for where the strap goes okay those are
18:27
little Pricer this year because it made
18:29
out of solid brass it's 91 48 per gross
18:35
I want to build my credit and I want to
18:37
be able to be given the opportunity to
18:39
have some kind of credit line
18:42
Debbie's bank refused to give her a
18:44
business loan instead they offered a
18:46
secured credit card which is like a
18:48
prepaid card except that it helps to
18:51
build credit but the card has a 250
18:55
dollar limit how much is this one to
19:01
make a single bag Debbie needs to hide
19:03
cording zippers magnetic closures rivets
19:07
lining ceiling components and linen
19:09
thread this is the client when I go to
19:13
get my supplies and I've reached my
19:15
limit which happens almost immediately I
19:18
have to tap it onto my personal cache
19:20
which is a big stretch on a tight budget
19:23
yeah I was gonna come out to a hundred
19:25
and ten dollars okay because even after
19:28
Debbie fills an order she still has to
19:30
wait up to three months to be paid I
19:32
just spent every last penny I had to my
19:34
name and next week I already had stood
19:37
alone set had to take care of those
19:41
people live from paycheck to paycheck I
19:43
lived from him back to his neck
19:50
so this is great man it's quiet off the
19:53
main road good freeway access most
19:56
people when they're buying a house it's
19:58
a compromise between price and location
19:59
and for us buying a house it's the
20:02
compromise between price location and
20:04
the actual ability to get in to pass the
20:06
process of getting in we can do it but
20:08
it's not gonna be easy we've got to find
20:10
just the right person in just the right
20:11
spot and then might take a week I might
20:12
take a month it's not gonna take one six
20:14
you know what I mean it's gonna happen
20:23
oh it even is a shed baby so this is
20:26
just a guesthouse or what I mean like an
20:27
office area what
20:30
and then that oh my god how amazing
20:33
would that be I mean if it's cool inside
20:35
that would be so great I really like it
20:37
I like it well let's give him a call
20:39
we're ready financially we've got all
20:41
our ducks in a row as far as you know
20:44
proof of income and proof of residency
20:46
and proof of bills we're ready hi my
20:50
name is Justin Dickinson I was calling
20:51
about the house for sale yes ma'am
21:00
when our mom got sick Tiffany made a
21:03
plan she decided to live off savings and
21:05
return to work in a year but she didn't
21:08
count on the recession now the only job
21:12
she can find a part-time and they don't
21:14
pay her enough to cover the bills I was
21:17
working a travel assignment and Kingwood
21:20
and it's up it is 50 miles one way I
21:28
always say it to myself I'm a nurse I
21:32
can get a job I'm educated I have
21:35
associate's degree in psychology a
21:37
bachelor's in nursing then I have an MBA
21:40
after the financial crisis we saw many
21:43
more people losing their jobs defaulting
21:46
on debt the credit scores they just
21:49
start dwindling because I had to decide
21:51
what was more important
21:57
when you're the caretaker for somebody
21:59
that's an expensive tow but every day
22:05
you need to be think airing your family
22:09
don't lunch okay I do it I know this is
22:15
different no not when one of your
22:19
children needs more support than you
22:22
originally expected the only thing you
22:25
can do is provide for him the best care
22:27
you can find that you can afford to get
22:30
access to a school program that would
22:32
meet his needs
22:33
Jonah first had to get an exam we really
22:37
needed a write-up to make sure that
22:39
Jonah got into a program that was really
22:41
gonna suit him a lot of the
22:44
developmental psychologists were $2,500
22:47
to do this report without access to
22:50
credit and no savings Alex and Melissa
22:52
had no way to cover the cost nearly half
22:57
of all US households live paycheck to
22:59
paycheck
23:00
and could not come up with $2,000 in an
23:02
emergency it's increasingly more
23:04
middle-class people - suddenly they're
23:07
in a situation where they can't afford
23:09
to keep a buffer in their accounts the
23:10
way they used to before I had depleted
23:13
my 401k that's how I paid the card notes
23:16
the mortgage and if you're steady taking
23:19
taking taking and nothing coming in it
23:22
evaporates so you got to pay attention
23:25
to your numbers are you adding or
23:27
subtracting the process is different
23:30
when you're subtracting the number is
23:33
going to be less when you're adding the
23:36
numbers get bigger my back was against
23:39
the wall and I had borrowed as much as I
23:42
thought I should be borrowing from
23:44
friends and family what are my other
23:46
options it used to be you could walk
23:50
into a bank or to a finance company and
23:53
get a $500 unsecured loan just on your
23:56
signature but that product doesn't
23:58
really exist anymore
24:01
finance companies have essentially gone
24:03
away so what filled the gap during that
24:06
time 30 days they're easy to ignore
24:14
until you actually need the money
24:17
which is one of those things like you
24:19
see that it's there but I didn't really
24:21
know what it was I was in the stain of
24:24
desperation of course I see this
24:27
commercial it looks like it will fix all
24:31
of my problems if you've got your title
24:35
title match turn it into cash for you in
24:39
just five minutes in the neighborhood we
24:41
live there payday loan places all over
24:43
the place they call it a payday loan
24:45
because it's designed to be paid back on
24:47
the borrower's next paycheck if you have
24:50
a job and you have a paycheck you know
24:52
come in sign up we'll give you this
24:53
payday loan and then next payday you pay
24:55
us off and it's like okay well let's do
24:58
that title loans are like payday loans
25:00
except instead of using your paycheck as
25:02
collateral you put up the title to your
25:04
car the company will give you a loan
25:07
based on the value of your vehicle and
25:08
if you don't pay it back then they take
25:11
your car I'm like well I'm thinking
25:14
about taking out this loan on my car how
25:16
much do you think it's worth well let's
25:19
go outside and take a look at it and
25:22
then they say oh you should be able to
25:23
get
25:25
$5,000
25:32
I said okay we'll do this and I tied me
25:34
over and when I start working we'll just
25:37
pay it off when I first got the title
25:40
long paid off the bills rent it was like
25:46
a little kickstart for me
25:55
in the moment when we needed it I was
25:59
glad that it was there but then you get
26:01
in a cycle where you can't get out of it
26:04
I would get my paycheck but now I'm
26:11
stuck where I was before right I don't
26:13
have that money and we were living too
26:15
close to the edge to not have it so we
26:17
would just real own if the option is
26:20
either paying off the loan or paying to
26:22
extend it Americans on the edge don't
26:25
have a choice
26:26
week after week the account comes too
26:29
but for some the fee is more affordable
26:31
than paying off the principal so the
26:34
loan is rolled over its how over the
26:37
course of time a short-term loan can
26:39
become a long-term crisis but even as
26:43
the fees pile up the original loan is
26:45
never paid off
26:46
and so the spiral begins those loans are
26:51
based upon this false idea that all
26:55
somebody needs is a little bit of money
26:56
to get to their next paycheck that's not
26:58
what's happening what's happening is
27:00
that people aren't able to make ends
27:01
meet and getting a loan this pay period
27:04
doesn't make that problem go away it
27:07
only makes it a little bit worse the
27:09
next pay period 80% of borrowers are
27:12
forced to renew their loan after two
27:13
weeks if you're in a situation where you
27:16
have to get a payday loan you don't have
27:18
the money you don't you know it's two
27:21
weeks to payday and I've got $8
27:24
and I gotta make that stretch I got a
27:28
job in Dallas while I was there one of
27:31
my payments was dude so I called up they
27:34
were like we can't take a payment over
27:36
the phone you have to come in I said
27:38
well can I go to one of your sister
27:40
companies no you have to come to this
27:43
store so by the time I get back
27:45
fees have kicked in it was a routine I
27:48
go and get the loan pay whatever bill it
27:51
is and now in two weeks I owe them the
27:53
money again and then they tell you can't
27:56
make partial payments if you can't pay
27:59
the whole amount then we're not taking
28:01
anything I've got a quarter tank of gas
28:03
we want to celebrate Gabriel's birthday
28:06
at my sister's tomorrow so that's what
28:07
that quarter take a gas is for if we
28:10
need anything else we have to walk
28:12
interest in fees is steady getting
28:15
stacked on and it's getting higher and
28:17
higher you always trying to run to the
28:20
finish line but the finish line never
28:22
come
28:25
we have yet to be able to pay that off
28:27
in full and so over the course of time
28:30
we've spent about $1,700 how much was
28:34
that loan original um 450 I got some
28:43
goodies this is so cool yeah and you
28:45
sure that one I love this one you want
28:48
yes thank you I hunted I want to love it
28:52
Debbie is meeting more and more
28:53
boutiques who want to sell her bags for
28:56
anyone else this would be good news I
29:00
couldn't afford to have like a big
29:02
contract come in and tell me like I want
29:04
this many bags what about the chain one
29:07
um this is the last one okay this is
29:12
like the material I think I may have
29:14
enough to make like maybe one or two
29:15
more and then and then what Cotton's
29:19
this is the last of it absolutely okay
29:24
today she has more orders than she can
29:26
handle the reality of it is I won't be
29:29
able to produce it I gotta do like
29:31
you've been on first and see how much it
29:32
cost me
29:34
it's scary sometimes good its I'm trying
29:39
to build something I just don't have the
29:41
means without credit or the cast to fund
29:47
the order she has no choice but to take
29:50
another job hi Justin
29:58
Justin and Britney need to convince a
30:00
seller that they are credible homebuyers
30:06
that's a great spot this is nice I like
30:09
a lot we have to find individuals who
30:12
are willing to work with us who can
30:14
trust the last few years history of
30:16
income as opposed to the last ten years
30:19
history of credit well it is still on
30:21
the market right Apple weeks right then
30:23
though I'm sure they'll be more willing
30:24
to listen to an offer breath but at this
30:27
point it's probably a little too soon
30:31
yeah
30:36
you
31:02
I never thought I'd see myself at a pawn
31:04
shop unless I was buying something cuz
31:08
there's a place to get some great deals
31:10
not realizing that those deals were
31:13
other people's dreams
31:20
Thera was selling my dreams
31:33
I woke up and that sounds like my alarm
31:37
on my car
31:39
by the time I got there it was a tow
31:42
truck taking the car on around the
31:45
corner this is how I get to work
31:56
after a 14-hour day it doesn't end
32:02
regardless of how many nights I don't
32:04
sleep it's just not enough
32:20
this sucks baby dick Tommy really trying
32:26
to better my life become a different
32:28
person it's hopeless
32:40
I ended up having to take her out of
32:45
private school
32:51
mommy while we're not going to this
32:53
school anymore that artists these
33:01
situations have taken families that hit
33:03
a bump in a road and pulled them down
33:05
into a major crisis people end up at the
33:10
doors of our social service providers
33:23
what happens when a family runs out of
33:26
options
33:32
what happens when a mother can't give
33:34
her daughter the education she needs
33:42
what happens when an entrepreneur gives
33:44
up her dream
33:50
or the door closes on a young couples
33:53
future the financial landscape is
33:58
changing and changing fast one in four
34:02
households are underserved
34:04
many of them are hardworking families
34:07
servicemen and women and college
34:10
graduates in the last five years Bank
34:13
branches have been closing at record
34:15
rates while check cashing and payday
34:17
loans are thriving because you get
34:19
closer and closer to the edge there are
34:21
fewer places for people to go but
34:25
there's some reason for hope a new
34:27
generation is using innovation and
34:29
technology to reimagine the way we bank
34:31
in San Francisco a business is helping
34:35
people pool their money together and
34:37
lend to each other so families have a
34:39
better option when money gets tight in
34:42
New York there's an organization that's
34:45
giving affordable loans to growing
34:46
businesses so entrepreneurs can see
34:49
their ideas come to life and outside
34:52
Atlanta a company is building a new type
34:55
of credit score using rent and monthly
34:57
bill payments so underserved Americans
34:59
have a path to the mainstream it's about
35:02
having a range of options available that
35:06
enable people to spend save borrow and
35:09
plan
35:12
but for too many of us when we need it
35:15
the most good options aren't available
35:19
tens of millions of hardworking
35:21
Americans are trying to reach their
35:23
potential and they're waiting wanting
35:31
believing in a simple promise that if
35:36
they strive forward they won't be held
35:39
back
35:55
this is edition
36:03
nothing nothing testing so rather be
36:13
working for something then fall away
36:19
someone on to someone else is saying
36:26
move to the call Michaela under mounting
36:31
so Patti swear in the ocean
36:36
except on my that's all I would watch
36:44
the show currently through the bay
36:52
things mom
36:56
we don't eat until your father had the
37:01
table we don't drink until the devil's
37:07
turn to dust
37:12
never once has any
37:17
they want to learn so if I were you and
37:22
have all let's all trust
37:32
two thousand years two thousand years
37:42
sunk like a Sun desperately reaching
37:50
from that's that the fisherman at home
37:55
and trying to find little bit
38:02
me I was home
38:05
all of my secrets often here
38:11
pages were phone and there was nothing
38:14
at all so if in the future my a myself a
38:24
savior
38:25
I remember what was written
38:33
so we don't need on sale your
38:36
at the table we don't drink until the
38:44
start to die
38:50
has any man weapon they bought two so if
38:57
I were you
39:14
down
39:34
more my house
39:38
Oh
39:50
you
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