How to Save the Postal Service and Boost the Savings Rate
How to Save the Postal Service and Boost the Savings Rate - Bloomberg Businessweek
It’s high time for the U.S. to emulate the century-plus experience of postal banking elsewhere in the developed world. America’s vast number of post offices offers an opportunity to make savings convenient and low-cost to the unbanked and underbanked, a far better alternative than the current ubiquity of payday lenders and other high-fee, high-rate creditors in lower-income markets. Better yet, the U.S. can take advantage of the long experience of other countries to design a state-of-the-art postal banking service.