The mobile app that helps you bridge the gap between earned wages and the cost of living. One of the great services we provide is early access to earned wages. No need to wait for payday! This... and so much more!
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Consumer Financial Protection Bureau (CFPB)
Advisory Opinions PolicyNovember, 2020 According to the Bureau of Labor Statistics, nearly two-thirds of U.S. private businesses use biweekly, semimonthly, or monthly pay periods. A study by the Financial Health Network found that 38 percent of respondents cited timing mismatches between income and expenses as a reason for using short-term, small-dollar credit. Earned wage access products have recently emerged in […]
2020 Results Financial matters is the top cause of stress and a major distraction at work: When asked what they feel causes them the most stress, more employees cite financial matters than any other life stressor combined, and employees who are stressed about their finances are more likely to be distracted at work. Read Full Article here
Many Americans, especially families, can’t live on a $15 minimum wage
CNBC Personal Finance, February 21, 2021 Read Full Article Here Even with a raise to $15 per hour, a typical family of four couldn’t afford the basics in any U.S. state, according to a CNBC analysis of cost-of-living data assembled by researchers at the Massachusetts Institute of Technology. Affording everyday items can be a challenge. For example, having a […]
The living wage calculator’s creator, Amy Glasmeier, a professor of economic geography and regional planning at the Massachusetts Institute of Technology, agreed. “Higher wages induce employers to raise productivity. We are about to face a labor shortage, given the aging Baby Boomer generation, a smaller Generation Z and reduced immigration,” she said. Glasmeier noted that the […]
Glenbrook Partners, April 30, 2021 It’s expensive to be a low income American, driven in part by the high cost of financial services available to such consumers. Fintechs have an opportunity to displace the traditional, high-cost services that target low income consumers. Who Pays to Pay? The Financial Health Network estimates that in 2020 the financial services […]
10 Financial Facts That Reveal the Economic Impact of COVID-19
Even as we’re in the midst of fighting the spread of COVID-19, we’re worried about what the future holds for us. Economic researchers are just beginning to measure the far-reaching impact of the novel coronavirus. Here are 10 financial facts that reveal the impact of COVID-19 on the U.S. economy. Returning to Normal Too Early […]
Coronavirus (COVID-19) has spread rapidly around the globe in the past two months. Recently, the World Health Organization declared the viral outbreak a pandemic. Many employees are feeling anxious about the outbreak, but for hourly workers, those health concerns are magnified by concerns about the difficulty in taking leave due to potential quarantines. Roughly 24% of […]
Fuel for Growth: Improving Cash Flow at Transportation Companies
Cash flow can be a roadblock for many transportation companies. The volatility of fuel and labor costs as well as the 30-, 60- or 90-day billing cycles mean even the best-run transportation companies will often have to wait months to get paid by their customers. Transportation companies don’t have to let the financial condition of […]
How Hotel Recruiters Can Handle Staff Shortages in 2020
The tight labor market can be seen in many places, but perhaps it is most noticeable when you travel. From long lines at the front desk to the lack of dining options at hotels, the hospitality industry has struggled to keep up with demands from travelers. The hotel and lodging industry supports 1 in 25 […]
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
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