Ca has passed a disconcerting milestone in payday financing. In 2016, residents 62 and older took out more payday advances than just about just about any age bracket, based on industry data put together in a brand new report from the Department of company Oversight. This trend tips to a consistent erosion of retirement safety for seniors.
Seniors joined into almost 2.7 million payday deals, 18.4percent a lot more than the age bracket using the second-highest total (32 to 41 years of age). It marked the very first time that the DBO report https://installmentloanstexas.net/ on payday financing, posted yearly, revealed seniors once the top payday financing recipients. Continue reading