Ca has passed a disconcerting milestone in payday financing. In 2016, residents 62 and older took out more payday advances than just about just about any age bracket, in accordance with industry information put together in a report that is new the Department of company Oversight. This trend tips to a continuing erosion of retirement protection for seniors.

Seniors joined into nearly 2.7 million payday deals, 18.4percent a lot more than the age bracket aided by the second-highest(32 that is total 41 years old). Read more