New findings: teenage boys will be the biggest users of pay day loans

New findings: teenage boys will be the biggest users of pay day loans

Brand New figures show, that 63 per cent of pay day loans among teenagers involving the many years of 18 and 29 are applied for by guys – and based on personal economist in Danske Bank, Louise AggerstrГёm Hansen, that may be the start of a downward economic spiral.

This is certainly a primary reason why confidence that is financial for the cornerstones when you look at the bank’s societal impact strategy.

At Danske Bank, Emil Toft Hansen from Copenhagen University happens to be composing their company PhD thesis on financing habits of residents surviving in Denmark. Associated with this, he’s charted loan that is payday among around 20,000 Danske Bank clients. Their findings reveal that 40% of most pay day loans are applied for by young adults amongst the many years of 18 and 29, plus in two away from three instances the borrower that is young a man. (Pokračování textu…)