write a thesis about retail banking

write a thesis about retail banking

Subject: General Questions    / General General Questions    

Question

RETAIL BANKING: The Hole in Our Pockets

Intro

In the spirit of prudence, the expenditure of a household must not exceed its income. Households should only spend up to how much they earn. However, there are times when households would need to buy a few things they could not afford immediately.At the same time, bank products which previously targeted equity financing, commercial and farming activities underwent a paradigm shift. Commercial banks began directing lending to target private everyday consumption and investment in housing, by providing less secure, long, and short term loans to the public and private individuals, known as retail or consumer banking.Meanwhile, the access to credit has become easy and subsequently increasing in recent years. This makes it almost impossible to find an American household which does not have some form of debt to settle at the end of every month.

Thesis

This trend, which began in the 1950s, is not only turning the country into a retail based economy, but has turned a large percentage of the American public into debt repayment machines.

1. Brief History of banking

(1) Lending history

(2) Targets of operations

2. Consumer Expenditure

(1) Household consumption Statistics

(2) Economic Boom in the 50’s

(3) Increase in Retail Outlets and increase in consumer spending

3. The Shift

1) The switch to retail/consumer banking

2) Statistics on interest income

3) The hidden meaning of the rates

4. Effect on the consumer

(1) Forced to engage

(2) Proof of nothing

(3) The Slaves of debt

Conclusion

The Whole in our Pockets