A Lifeline for Workers Who Face Hardship Between Paychecks
“A growing number of companies are rolling out products and services that allow employees to receive a portion of their pay when they need it. This can help workers, especially those making hourly wages or working irregular schedules, to avoid unpleasant and potentially costly options such as borrowing from loved ones, running up credit card debt, selling possessions or taking out payday or other high-interest loans when bills come due or emergencies arise before the next paycheck. Could this be the future of payday? Developers of flexible-pay services say adhering to a rigid pay cycle doesn’t make sense.”