Payday Lending DrainsMillions of Dollars from the Economy

Payday Lending Drains Millions of Dollars from the Economy Payday lending not only impoverishes families, but also harms local economies.by draining dollars out of communities from reduced spending. In 2011, an estimated $231M was siphoned out of SRABC states, equaling $7.47 per person. Mississippi suffered the worse loss in economic activity per person and Florida the least.

$61M

Mississippi

$46M

Louisiana

$48M

Alabama

3,372

$76M

Florida

Jobs Lost in SRABC States Due to Payday Lending