Transcribed
Payday Loan Demographics
PAYDAY LOAN DEMOGRAPHICS THE PEOPLE BEHIND PAYDAY LOANS AGE GROUP MOST LIKELY TO USE PAYDAY LOANS : 25-49 years old EDUCATIONAL BACKGROUND OF PAYDAY LOAN BORROWERS : High school graduates and some college education are the most common . GENDER DISTRIBUTION : Predominantly female borrowers . 2 PERCENTAGE OF PAYDAY LOAN BORROWERS WITH ANNUAL INCOMES UNDER $ 40,000 : Over 80 % ETHNICITY OF PAYDAY LOAN BORROWERS : Diverse , but higher usage among African American and Hispanic communities .
Payday Loan Demographics
shared by jackrot52 on Sep 11
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"Payday Loan Demographics" explores the characteristics and profiles of individuals who commonly utilize payday loans. This informative section provides insights into the age groups, income levels, ed...
ucation backgrounds, and other relevant factors of payday loan borrowers. Understanding these demographics is essential for assessing the impact of payday loans on different segments of the population and for developing responsible lending practices.
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Jack RotSource
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