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Financial Literacy and High-Cost Borrowing in the United States

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NBER2013-04-01 更新2025-01-04 收录
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In this paper, we examine high-cost methods of borrowing in the United States, such as payday loans, pawn shops, auto title loans, refund anticipation loans, and rent-to-own shops, and offer a portrait of borrowers who use these methods. Considering a representative sample of more than 26,000

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2013-04-01
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