SSRN-Where Does it Go? Spending by the Financially Constrained by Shawn Allen Cole, John Thompson, Peter Tufano

You know the old saying "Don't judge anyone until you walk a mile in their shoes"? Well, this might be a good example. As it is tax time, there are many commercials for tax advance loans and the like. These are almost always such a bad deal financially I struggle with why anyone would use them. Cole, Thompson, and Tufano may have at least part of the answer: they need the money. SSRN-Where