
The Future of Finance: A Closer Look into Online Cash Advances
The rising trend of online cash advances and their impact on the future of money 🔍
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Additionally, more than half of survey respondents said they will need to take on a second job to make their loan repayments
Ever since President Biden released his plan to cancel up to $20k of student loans for some borrowers, it’s been a rollercoaster.
As of now, repayments remain paused, but several court cases are blocking the implementation of the plan. On February 28th, the justices are hearing arguments for two of those cases.
As a money app, we know this impact is going to be felt by members of the Cleo community, who are already working hard to make it to the next paycheck, keep their spending habits in check, and/or are diligently saving their money.
To understand how the student loan repayment pause ending and the potential reversal of loan forgiveness could impact people, from Gen Z to Boomers, Cleo sent out a survey to 1,003 Americans between 18-65 years old in February 2023.
We’re here for you on IG or Twitter if you want to talk about strategies to manage student loan debt or where to get additional mental health help.
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Big love. Cleo 💙
The rising trend of online cash advances and their impact on the future of money 🔍
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Slowly but surely, normality is rearing its head into this whole pandemic thing. As much as you might feel ready to get back to things, you’ve made some strong relationships in the last few months. Seriously strong, like your HUGE commitment to food delivery strong. Consider this an ode to your takeout spending as you move on to the next chapter of your life. Restaurants.