Drowning with debt: A Health Impact Assessment of exactly just exactly How Payday Loan Reforms enhance the wellness of Minnesota’s Most susceptible

Drowning with debt: A Health Impact Assessment of exactly just exactly How Payday Loan Reforms enhance the wellness of Minnesota’s Most susceptible

Executive Summary

Socioeconomic trends in the usa have actually mired all nevertheless the wealthiest Americans in a tradition of financial obligation. Within the normal home, personal debt has tripled considering that the 1980s and is now significantly more than two times as high as home earnings. However the burden is most unfortunate in low-income communities and communities of color, where lots of people don’t be eligible for traditional bank loans or bank cards.