The Center for American Progress published a July 10, 2009 story on payday loans and lending practices. Researcher Amanda Logan used data from the 2007 Survey of Consumer Finances to analyze information about people who had taken out a payday loan in the last 12 months.  Logan found that payday loan borrowers:

• Tend to have less income, lower wealth, fewer assets, and less debt than families without payday loans.
• Were more likely to have heads of households who were minorities and single women than their counterparts.
• Were more likely to have heads of households who were younger and had less education.
• Were less likely to own their own home or identify themselves as savers than families who did not withdraw a payday loan.