Financing Poverty

Financing Poverty examines how credit expansion has reshaped everyday life for Black residents of São Paulo’s peripheries, where consumer goods coexist with infrastructural precarity. Drawing on more than a decade of research and 150 interviews, Kauê Lopes dos Santos shows how low-income populations have been incorporated into financial circuits through installment plans, retail credit, and digital platforms. Rather than signaling social mobility, this process produces new forms of indebtedness and vulnerability, embedding financial logics in domestic life. Centering race as a constitutive dimension of urban inequality, Lopes dos Santos argues that the financialization of poverty reconfigures—rather than reduces—inequality. Bridging urban geography and Black geographies, this book offers a powerful account of how capital penetrates the margins of the city and reorganizes everyday survival.