In conclusion

New report: California citizens’ dependence on payday loans has dramatically reduced government-related work-related unemployment benefits, rent relief, evictions, stimulus checks, and credit tolerance. However, experts warn that the use of wage loans is expected to resume once government assistance is completed.

This is an article español.

Epidemic government support may have helped some California people avoid using expensive payday loans last year, but some experts say it may be too early to pay.

According to a new report, California’s wage debt by 2020 has dropped by 40%, to $ 1.1 billion. Less than half a million people do not rely on payday loans, which is down 30% compared to 2019.