Living Right: Payday Every Day? - Northern Michigan's News Leader

Living Right: Payday Every Day?

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Twenty-six-percent of Americans are living paycheck to paycheck in the U.S. today, and according to the St. Louis Federal Reserve.

There are now more than 20,000 payday lenders across the country.

Some new pay options are letting workers access their money faster than your average two week pay period.

It's today's Living Right.

Almost all fast-cash borrowing options have service fees.

Depending on which you choose, the fees can be steeper than credit cards.

But these costs can be lower than bank overdrafts and payday loans.    

Having more options is always a plus.