Sunday, July 03, 2011

How Many Used a Pawn Shop?

Percentage of Americans who have done the following in the past five years...

Used a pawn shop: 8%
Gotten an advance on a tax refund: 8%
Taken out an auto title loan: 7%
Taken out a "payday" loan: 5%
Used a rent-to-own store: 5%
Used one of the above methods: 23%

Source: Americans' Financial Capability, NBER Working Paper 17103, $5

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