Media Coverage
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- Media Coverage
- Safe Small-Dollar Loans Research Project
- Source: St. Louis Beacon
Borrowers Use Payday Loans for Ordinary Expenses Not Financial Emergencies, says study
Pew researchers have found that most borrowers who take out payday loans use them to cover ordinary living expenses, not unexpected emergencies -- a finding that contradicts industry advertising that emphasizes payday loans as short-term options to cover financial emergencies. more
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- Media Coverage
- Safe Small-Dollar Loans Research Project
- Source: Birmingham News
Alabama Payday Loan User Fees Above National Average, Pew Study Finds
Seven percent of Alabama adults have used a payday lender in the past five years, paying roughly $17.50 for every $100 borrowed on a two-week loan, according to a new national study released today.
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- Media Coverage
- Economic Mobility Project
- Source: Michigan Public Radio
Five Facts About Achieving the American Dream
Before we get to our list of facts, I want to tell you about a dark and dingy room in the basement of the Institute for Social Research building at the University of Michigan
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- Media Coverage
- Safe Small-Dollar Loans Research Project
- Source: US News & World Report
African-Americans, Renters, Divorcees Likely to Use Payday Loans
In many cities, neon "payday loan" signs are ubiquitous in storefront windows and might go unnoticed by most passersby. But a new survey should make more people take notice of who's using those loans, how much they're borrowing, and the costs that can come with quick cash. more
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- Media Coverage
- Safe Small-Dollar Loans Research Project
- Source: American Banker
Fewer Payday Loans Made in States with Strict Laws: Study Finds
The report, "Payday Lending in America: Who Borrows, Where They Borrow, and Why," is based on an in-depth survey and focus groups with hundreds of payday borrowers around the country, conducted by Pew's Safe Small-Dollar Loan Research Project. more
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- Media Coverage
- Economic Mobility Project
- Source: Washington Post
Opinion: America's Mobility Scorecard
In America, we believe that anyone can grow up to be anything. One litmus test for how well America works is whether they rise above their parents economically. more
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- Media Coverage
- Safe Small-Dollar Loans Research Project
- Source: NBC News
Many Use Payday Loans to Cover Food, Rent
Many people think of payday loans as a way to cover an unexpected emergency – such as a car repair or medical expense – until your next paycheck comes in. But nearly seven in 10 people who use the short-term, high-fee loans rely on them for recurring, everyday expenses such as rent, food, utilities or car payments. more
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- Media Coverage
- Safe Small-Dollar Loans Research Project
- Source: CNN Money
'Fast Cash' Payday Loans Cost Borrowers $520 Per Year in Fees
Americans tempted by the promise of fast cash are paying an average of $520 a year in fees for short-term credit lines known as payday loans.
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- Media Coverage
- Source: NewsHour
States Plagued by Fiscal Problems, Pension Payments
Grim findings from a task force come amid further setbacks to the nation's economic health. Jeffrey Brown discusses eroding revenues, state budget cuts and steep pension obligations with former New York Lt. Gov. Richard Ravitch, the report's co-chair, and Susan Urahn of the Pew Center on the States.
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- Media Coverage
- Public Safety Performance Project
- Source: Augusta Chronicle
Gov. Deal Wants Review of Juvenile Justice System
Gov. Nathan Deal urged judges, prosecutors, sheriffs and legislators serving on a criminal-justice reform commission Monday to consider every part of the juvenile justice system for overhaul.
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