CashAdvanceOnline.net Publishes Report on American Cities with Biggest Salary Drop
The consumer finance site releases an article on the 10 American cities with the biggest decrease in wages during 2012. The report also indicates which of these cities is within "payday loan friendly" states
SAN FRANCISCO, July 30, 2013 /PRNewswire/ --
New figures released by the U.S. Bureau of Labor Statistics (BLS) show that although major metropolitan cities saw an increase in average weekly salaries, there are 10 American cities which are substantially bucking that upward trend. In those areas, wages are steadily on the decrease.
The BLS figures indicate a growing salary inequality within the United States, particularly in areas where jobs are based on agriculture, tourism and industry; sectors that are vulnerable to inclement weather, the knock-on effects of the recession and unemployment respectively.
In list of the 10 cities with the biggest decrease in wages during 2012, the BLS figures demonstrate that 7 out of the 10 cities are located within states that permit both store front and online payday lending. It is believed that accessibility of payday lending for those individuals places them at a financial greater advantage. As such, CashAdvanceOnline.net asserts that short term lending options provide vital methods of extra cash to make the month for an ever growing number of Americans.
A spokesperson for CashAdvanceOnline.net announced the report's publication in the following statement that was released to the press.
"The BLS statistics illustrate a worrying trend that is affecting millions of average working Americans on a daily basis. As the cost of living increases, the wages that people earn decrease. Add to this high numbers of unemployment and the result is a very fractious situation. When the issue at hand is no longer about wealth and prosperity but a more grassroots question of being able to simply survive each week or month, it requires serious attention."
The statement continued, "Fortunately for 7 out of the 10 of the cities on the list, payday loans are legally available within those states. We believe that when used responsibly and mindfully, this form of short term lending gives individuals and families a lifesaving extra financial boost to help keep them fed, clothed and housed."
In order to aid consumer awareness, the report also includes details on the regulations and laws concerning short term loans. This includes maximum terms, amounts and interest rates within the relevant states.
Read the free report at: http://www.CashAdvanceOnline.net
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SOURCE CashAdvanceOnline.net
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