Report Finds 43% Of Millennials Are Employing Payday Lenders Or Pawn Stores

Report Finds 43% Of Millennials Are Employing Payday Lenders Or Pawn Stores

Millennials are utilizing payday lenders and pawn stores a lot more frequently than adults did simply about ten years ago, a report that is new.

“Steep costs and interest levels (sometimes over 400 per cent related to these types of services can cause and increase Millennials’ economic stress,” warns the analysis through the TIAA Institute plus the Global Financial Literacy Excellence Center at George Washington University. (more…)

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