financial exclusion

The disbarring of the disadvantaged and the poor from access to financial services. Financial exclusion plays a key part in the creation and amplification of poverty; in the UK, at least, those without a bank account pay more for their utility bills, and those without collateral are charged much more for loans.

In the 1970s geographers focused on the ways in which redlining, and the machinations of urban housing markets and lending institutions, trapped people in such deprived areas as the inner city. Current concerns include the spatial distributions of those whose socio-economic profile disqualifies them from access to financial services, and the spatial and societal effects of such exclusion.