Brand brand New figures show, that 63 per cent of pay day loans among teenagers amongst the many years of 18 and 29 are applied for by guys – and based on personal economist in Danske Bank, Louise AggerstrГёm Hansen, that may be the start of a downward spiral that is financial. This is certainly a primary reason why confidence that is financial associated with cornerstones into the bank’s societal impact strategy.
At Danske Bank, Emil Toft Hansen from Copenhagen University happens to be composing their business PhD thesis on financing habits of residents surviving in Denmark. Relating to this, he has got charted loan that is payday among around 20,000 Danske Bank clients. Their findings show that 40% of most pay day loans are applied for by young adults involving the many years of 18 and 29, plus in two away from three instances the young debtor is a guy. Continue reading