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Unsecured Credit and the Social Safety Net in U.S. States

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American Sociological Review

Published online on

Abstract

American Sociological Review, Volume 91, Issue 2, Page 349-377, April 2026.
Low-income households in the United States draw on public and private resources to manage economic risk. Cross-national scholars describe a “credit–welfare state tradeoff” where credit markets become particularly important when state benefits are less ...