Percentage of Nonbank Credit Use Rise among US Households


A 2009-2011 statistical analysis finds that the percentage of US households that used high-cost nonbank credit has increased.

Nonbank credit includes payday, pawnshop, rent-to-own and reimbursement loans. The nonbank credit users are identified as "older, non-minority, more educated, married couples, and those with incomes above $50,000." Nonbank credit funds are often used to cover the expenses of basic living necessities.


Read the Entire Article


Federal Programs Related to - Public, Society Benefit, General/Other

Programs that focus on promoting the effective functioning of government, public administration and public officials and support or provide services required for the effective functioning of society's infrastructure.

    Federal Programs Related to - Banking & Financial Services

    Programs that provide alternatives to traditional banking systems and/or focus on policy-making, information sharing, research or other activities that relate to financial institutions and services. Banking; Credit Unions; Investment Management; Investments & Securities; Savings & Loans




      Social Entrepreneurship
      Spotlight



      Impact Investing Efforts Unite USAID, Pope Francis

      Impact Investing Efforts Unite USAID, Pope Francis
      Dr. Rajiv Shah, the Administrator of the U.S. Agency for International Development (USAID) leads the...



      Social Sector Jobs

        Social Services Jobs
        Human Services Jobs
        Social Services Employment
        Substance Abuse Jobs
        Social Work Jobs