Skip to content

Are You Ready for the Next Natural Disaster? AARP Live Can Help You Get Prepared Tonight at 10 p.m. Watch here

 

2011 AARP Survey Of Texans Age 18+ on Payday and Auto-Title Lender Issues

AARP’s Texas Office commissioned this survey to explore the views of Texans age 18+ on payday and auto-title lender issues. The data from this survey will help to AARP Texas to further support their mission to serve 50+ Texans.

Key findings include:

  • Three-quarters of Texans 18+ oppose payday lenders charging up to 500% APR (Annual Percentage Rate).
    • High interest rates were also opposed by over eight in ten Texans 18+ who identify themselves as Democrats (88%), Republicans (82%), or  Independents (87%).
    • Ninety percent of Texans 50+ oppose payday lenders charging up to 500% APR.
    • Nine in ten AARP Texas members oppose payday lenders charging up to 500% APR.
  • Nearly two thirds (64%) of Texans 18+ support the licensing and regulation of payday lenders.
    • Licensing and regulation for payday lenders was also supported by over half of Texans 18+ who identify themselves as Democrats (53%),  Republicans (66%), or Independents (77%).
    • At least 60% of Texans 50+ support licensing and regulations for payday lenders.
    • Over six in ten (61%) AARP Texas members support licensing and regulation for payday lenders.

These results are based on a phone survey conducted between March 14, 2011 and March 16, 2011. A total of 600 Texans 18+ responded, with a sampling error of plus or minus 4 percent at a 95 percent confidence level. Survey responses were weighted to reflect the actual distribution of age and gender for the 18+ Texas population as released by American Community Survey in 2009. For more information, contact Aisha Bonner at 202-434-3531.

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.