Hi

 

Thanks for being a loyal email subscriber. Again, I want to emphasize that I appreciate hearing from you!. Even a simple, "Thanks Jer" is much appreciated. Add a topic you would like discussed. AND, if you no longer care, click here to UNSUBSCRIBE: . Not a problem. Your time is valuable. So is mine.

 

FACT: 57% of working families earn above a livable wage in the U.S.

So… that means 43% can barely make ends meet! They need OPTIONS!

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WHY HOUSEHOLDS MUST HAVE ACCESS TO A MULTITUDE OF CHOICES FOR SOLVING FINANCIAL EMERGENCIES.

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The choices that should be maintained and fought for by humans, voters, politicians  , lawyers  ?

Payday loans, installment loans, line-of-credit loans, car title loans, Buy Now Pay Later, Early Access to Wages, collateralized loans [pawn, crypto, art, NFT’s, collectibles, cars, real estate, future earnings…]

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KEY FINDINGS

• 57.2% of working Americans are in occupations where the median pay is greater than the living wage for families with two working adults and a child. This percentage jumps to 65.3% for one adult living alone, but plummets to 21.7% for one adult with a child.
• The District of Columbia offers the best chance for two working adults with a child to earn a livable wage. In D.C., 75.4% of workers are in occupations that pay more, on average, than the local livable wage of $20.69 per working adult. North Dakota (71.0%) and Alaska (70.9%) are second and third, respectively.
• In four states, less than 50% of workers are in living wage occupations suitable for two working adults and a child. In California, 46.9% of workers are in professions that pay more than the local livable wage of $21.76 per working adult — worst across the U.S. Arkansas (47.6%), Hawaii (48.4%) and Louisiana (49.7%) join California as the others below 50%.
• Even in the most uncomplicated household structures — one adult living alone — between 20.1% and 49.1% of people aren’t in occupations where most workers make above the living wage, depending on the state. In North Dakota, 79.9% of people work in professions that pay more than the livable wage of $13.08 for single adults, versus 50.9% in Hawaii at a livable wage of $19.43.

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Read the original @FastCompany Report HERE.

 

What's this mean? OPPORTUNITY! Done right, lending $$ to the masses is doing the right thing for them, for you, for your employees, for your community. 

Know that each of the the massive, publicly-traded lenders [think Enova, Curo, Elevate, World Acceptance...] only have a maximum of 3% of our industry. And a few are currently lending to subprime consumers at $300,000,000 per quarter! Unthinkable!!