Cash advance utilize wasn’t on a low-income Canadians.

Cash advance utilize wasn’t on a low-income Canadians. Our study demonstrates that while payday advances is mainly employed by individuals with low-to-moderate incomes (a lot more than half lived in households with yearly incomes under $55,000) most higher-income Canadians additionally reported accessing these loans. Twenty % of participants reported domestic incomes surpassing $80,000 Footnote 3