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TopicDo overdraft fees contribute to inflation?
8-bit_Biceps
06/27/19 10:50:30 AM
#6:


Well I guess we could analyze it from another perspective and say that it sets anyone back $30+. So the banks get that money instead of some other part of the market that's more closely related to basic survival and living expenses. If these parts of the markets got their money instead of the banks, costs would go down for that stuff I think...and also there would be more jobs because there would be more money going into those other markets.

So the bank takes jobs away in that way, I believe. And then increases prices too in that way...and this leads to people needing to use the banks more because they're more desperate for cash.
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