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How Did the Great Recession Affect Payday Loans?

Sumit Agarwal (), Tal Gross and Bhashkar Mazumder ()

Economic Perspectives, 2016, issue 2, 1-12

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 (search for similar items in EconPapers)
Date: 2016
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