The high cost of financial insecurity: exploring the role of the 'fringe economy' in the lives of low-income Australians. The national benefit from this research has a number of dimensions. The first is to draw the community's attention to the high costs and charges associated with fringe lenders in Australia and the economic and social consequences of accessing these services. The second benefit relates to establishing what sorts of financial products and regulatory measures would offer low-inc ....The high cost of financial insecurity: exploring the role of the 'fringe economy' in the lives of low-income Australians. The national benefit from this research has a number of dimensions. The first is to draw the community's attention to the high costs and charges associated with fringe lenders in Australia and the economic and social consequences of accessing these services. The second benefit relates to establishing what sorts of financial products and regulatory measures would offer low-income Australians a better outcome. A number of states in Australia have recently introduced legislation to limit the interest rates charged by pay-day lenders. The study is very timely in that it offers an opportunity to monitor the impact of these new regulatory measures and consider opportunities for further reform.Read moreRead less