Earned wage access is just one weapon in the fight for financial wellness

Employees struggling to stretch their paycheck can benefit from earned wage access, yet employers have been slow to offer this in-demand benefit.Currently, earned wage access is offered by just 5% of large U.S. companies with a majority of hourly paid workers, according to the Society for Human Resource Management. However, that figure is expected to jump to 20% by 2023.By allowing employees — especially hourly workers living paycheck to paycheck — the chance to access the money they have already earned ahead of payday, employers are helping to alleviate significant financial burdens caused by COVID-19, while retaining employees and offering a competitive recruiting advantage.

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