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Journal Article

How Did the Great Recession Affect Payday Loans?


Abstract: This article answers two important questions: Did payday borrowing rise during the Great Recession? And did the use of payday loans expand beyond low-income borrowers to include more middle-income borrowers?

Keywords: Payday loans; Great Recession;

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File(s): File format is application/pdf https://www.chicagofed.org/~/media/publications/economic-perspectives/2016/ep2016-2-pdf.pdf?la=en
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Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2016

Issue: 2

Pages: 1-12