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The dollar just doesn’t go as far as it used to yet the appetite for consumerism continues. Most Americans just do not want to cut back spending and many of them are taking out payday cash advance loans to get fast money before their next paycheck.

While there has been no payday loan legislation passed at the federal level, many states now have stricter laws in place, which make cash advance loans more favorable to consumers.

According to a recent study, online payday loan lenders are gaining more market share than their retail competition and forcing several cash advance stores to go out of business.

This Christmas season the apetite for American consumerism will continue just as it has every other year. This year however, many financial experts predict payday loans will reach all time highs mainly do to inflation.