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Wow - sobering stat
MORE SENIORS TURNING TO PAYDAY LOANS, STUDY FINDS
Dallas Morning News - March 31, 2013
When the Center for Responsible Lending released its latest report on payday loans, one statistic jumped out at me: More than 25 percent of bank payday loan borrowers are Social Security recipients. This is the latest in a series of studies showing that seniors are carrying more debt at a time in their lives when they can ill afford such a burden.
http://www.dallasnews.com/business/columnists/pamela-yip/20130331-more-seniors-turning-to-payday-loans-study-finds.ece
When the Center for Responsible Lending released its latest report on payday loans, one statistic jumped out at me: More than 25 percent of bank payday loan borrowers are Social Security recipients. This is the latest in a series of studies showing that seniors are carrying more debt at a time in their lives when they can ill afford such a burden.
http://www.dallasnews.com/business/columnists/pamela-yip/20130331-more-seniors-turning-to-payday-loans-study-finds.ece
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