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Growing up in a banking desert can hurt your credit for the rest of your life

  • Written by Tony Cookson, Associate Professor of Finance, University of Colorado Boulder
Growing up in a banking desert can hurt your credit for the rest of your lifeIt's lonely out there.Winslow Productions via Getty Images

The Research Brief is a short take on interesting academic work.

The Big Idea

A banking desert is an area without traditional financial institutions and services. They are common in rural areas because large financial institutions are reluctant to operate in less populated areas that are less...

Read more: Growing up in a banking desert can hurt your credit for the rest of your life

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