Advance America reports that 76% of short-term borrowers are employed but face recurring cash flow gaps between bill deadlines and their scheduled paydays.
Advance America is the company releasing the survey, making it the primary entity mentioned in the press release.
A new survey from Advance America reveals that 76% of short-term loan customers maintain steady employment but struggle with timing mismatches between bill due dates and pay cycles. The data highlights the persistent liquidity challenges faced by working Americans despite consistent income streams.
The survey indicates that many borrowers face a timing gap between when their bills are due and when they receive their next paycheck, necessitating short-term liquidity.