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'Spent: Looking for Change' Documentary Details How the Bank System Has Failed Americans

By Jordan Smith, Hollywood Staff

Spent: Looking for Change wants to have an uncomfortable conversation. The new documentary from director Derek Doneen and producer Davis Guggenheim (An Inconvenient Truth, Waiting for Superman) shines a light on the Underbanked, the 70 million Americans across the country who are not being served by traditional banking institutions, and must turn to check cashing services or pay day loans. Unfortunately, these services often have dire financial consequences. At a press conference for the film, Doneen, Tyler Perry (who narrates Spent), New School Professor Lisa Servon, and Dan Schulman of American Express discussed the challenges facing the underbanked, the possible solutions to a financial system in grievous disrepair, and how education might the first step in the right direction.

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