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Specifically looking at payday loans, the charity found 2% of people have used at least one payday loan to fund their rent or mortgage in the last year, equating to almost one million people nationally.
Radionotme wrote: »
2% - hmmm, typically with a sample size of that 4,000 or so, the scaling up would only give a confidence level of + or - 2%, so we're actually looking at somewhere between 0% and 4%. That 2% confidence level also assumes a decent amount of randomness, which I don't think yougov can promise given the way in which they carry out surveys.
So, we could potentially be looking at near enough zero percent actually being affected by this!
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