Are fringe loans bad for your health?

Fringe loan illustration

Researchers at the University of Washington have weighed correlations between the use of fringe loans and self-assessments of health status. (UW School of Public Health Illustration)

For some low-income workers, short-term fringe loans — coming from payday lenders and check cashing services — are a fact of life. But that doesn’t mean they feel good about taking out those loans.

In a newly published study, University of Washington researchers report that people who use fringe loan services, or don’t have access to a bank account, are more likely to say they feel less healthy.

The study, published in the March issue of Health Affairs, makes use of data from 15,000 respondents that was collected for the U.S. Census Bureau’s annual Current Population Survey.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
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