For folks struggling to keep up with bills and pay for daily necessities throughout the pandemic, waiting two weeks for a paycheck isn’t always an option.
Earned wage access, which allows workers to receive real-time earnings before their scheduled pay date, has become increasingly popular throughout the COVID-19 pandemic as millions of employees were placed under economic strain. According to an exclusive report on earned wage access by Arizent, parent company of Employee Benefit News, some demographics are more eager for this kind of workplace benefit — especially those facing inequities and unbridged gaps among classes such as economic, race, and gender.
