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.
