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Posted On December 10, 2020 In Investigation With 55 Views

Making Ends Meet: Millennials Looking At Pawn Stores, Payday Advances

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Making Ends Meet: Millennials Looking At Pawn Stores, Payday Advances

Millennials come in a challenging situation that is economic They’re fighting crippling education loan financial obligation, lackluster task leads and increasing charge card balances and they’re utilizing any means possible in order to make ends satisfy.

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This generation, which include those many years 18-to-24, opting for both conventional and alternate finance services to shore their budgets up, including alternate monetary solutions like prepaid debit cards, payday advances, cash transfer solutions and pawn stores, to supplement their incomes.

A study released by economic services and products designer Think Finance finds 92% of Millennials are utilizing a bank, but near to half (45%) also have looked to an alternative solution solution for the short-term money injection. (more…)

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