PinchingPennies

Saving money to pay off student loans and consumer debt

More Spent on Overdraft Fees Than Fresh Veggies

Americans spent more money on overdraft fees than on fresh vegetables or books last year. No wonder banks love them overdraft fees and loath to do away with them.

The Center for Responsible Lending issued a report stating that Americans spent almost 24 billion dollars in overdraft fees last year. The banks’ reply? It is better than being embarrassed at the checkout. Not really but rationalize it any way you want, banker.

There are pretty pictures at this write up at BusinessInsider.

November 15, 2009 Posted by | Unexpected Expenses | , , | Leave a comment