While payday lenders appear helpful, their high-interest loans trap low-income Americans in debt cycles. Meanwhile, real, lasting solutions lie not in bans or subsidies, but in a revived civil society that offers relationship-based, developmental alternatives.

This article was originally published by the Foundation for Economic Education.

This educational content is just the tip of the iceberg for practical resources available through the True Charity Network. Check out how it can help you learn, connect, and influence here.

Already a member? Access all your benefits through the member portal.