Overdraft Fees and Scarcity Mindset

Think about that for a second. You effectively borrowed five dollars for a few hours

and paid thirty-five dollars in interest. That’s an interest rate that would land a payday lender

in prison. But when a bank does it, it’s policy. Banks make billions

every year from overdraft fees. And those fees come almost exclusively from people who

can least afford them. It’s not a mistake. It’s a revenue model. The wealthy earn

interest. The poor pay interest. That’s not an accident. It’s a wealth transfer disguised as customer

service. At this point, someone always says, “Well, just don’t spend

money you don’t have.” In theory, that sounds reasonable. In reality,