Ted Michalos: Well, one of many issues with averages is they conceal a few of the facts that are underlying. Therefore, among the things our study found was that the decile that is youngest of individuals, 18 to 29 12 months olds have probably the most pay day loans. Just how much which they borrowed is gloomier however itвЂ™s significantly more than 10% of these financial obligation. The every generation, the portion of this pay day loans compared for their financial obligation is gloomier nevertheless the amount that is total they borrowed is higher. The greatest borrowers will be the seniors. Again, the right element of this that is most troubling may be the trend. Therefore, couple of years ago it absolutely was not as much as one in five of our customers had payday advances, now it is one out of four. ThatвЂ™s a 38% increase, that is absolutely astounding.