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Employees’ paychecks aren’t going as far as they used to, and they need their employers to help them bridge the gap.
Fifty-nine percent of employees pre-plan which of their bills will get paid first while waiting for their paycheck, according to a survey from Talker Research on behalf of earned wage access platform EarnIn. Of those making less than $75,000 annually, 51% say their paychecks are pre-spent before they even reach their bank account — which is proving to be entirely unsustainable.
Paola Peralta is an Associate Editor at Employee Benefit News and has been with the team for five years. She is a proud UCF journalism graduate who got her start through a Dow Jones News Fund … Read full bio
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