Current location:International Iterations news portal > travel
These apps allow workers to get paid between paychecks. Experts say there are steep costs
International Iterations news portal2024-04-24 10:05:11【travel】5People have gathered around
IntroductionNEW YORK (AP) — When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in
NEW YORK (AP) — When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn.
“You know how they get you — the algorithms — like they’re reading your mind,” Branch said. “The ad said I could get up to $100 this week and repay it in my next pay period.”
Branch, who was working as an administrative assistant in Charleston, South Carolina, downloaded the app, agreed to the flat fee, and added the suggested “tip.” The cash helped her cover expenses until payday, when the app debited the borrowed $100, plus $18 for the fee and tip. Four years later, Branch said she still uses the app, as often as once a month.
EarnIn is one of more than a dozen companies that provide this service, billed as Earned Wage Access. The apps extend small short-term loans to workers in between paychecks so they can pay bills and meet everyday needs. On payday, the user repays the money out of their wages. Between 2018 and 2020, transaction volume tripled from $3.2 billion to $9.5 billion, according to Datos Insights.
Address of this article:http://www.videocameralive.com/mevo-mv2-01a-bl-plus-4k-live-event-camera-black-new-sealed/
Very good!(4282)
Previous: Heartbreaking pictures show 24
Next: Suspected 'dine
Related articles
- Inside Kate Middleton's sweet annual midnight tradition for Prince Louis' birthday
- WorkSafe interim chief executive Steve Haszard resigns months into job
- Let's hear it for Princess Anne, the brave, plain
- US, UK intelligence leaders raise fresh alarms about Chinese espionage
- Food influencer lifts the lid on little
- Weather: Heavy rain warnings for Westland, Fiordland, Otago headwaters from Tuesday
- US House passes controversial surveillance bill on 4th attempt
- It's discreet, stylish and very, very British
- It's six today for birthday boy Louis, the prince of royal mischief
- Meet the new 'dynamic duo'! Anne and Sophie pair up to share the royal burden
Popular articles
Recommended
Christina Aguilera, 43, looks very slim in a T
Kate and Charles' heart
US 'prepper' culture diversifies amid fear of disaster and political unrest
US, UK intelligence leaders raise fresh alarms about Chinese espionage
Why Meghan's podcast has hit a snag before it even begins: Duchess's much
Queen Letizia dons a chic trouser suit to attend national awards ceremony with King Felipe
What is happening with the NZ housing market this week?
US 'prepper' culture diversifies amid fear of disaster and political unrest
Links
- Works from Fine Arts Exhibition of Chinese Women Artists
- Yang Langlang: School Principal Secures Wonderful Childhood for Every Student
- Rural Entrepreneurs Help Farmers Live Better Lives
- Forming Bond with China Through Architectural Design
- All England Open: Defending champ Li falls in opener
- Scientific Team Contributes to Large Research Infrastructures for Country
- PAP Helping Spring Bud Girls Make a Bright Future
- A Couple's Efforts to Conduct Patriotic Education Among Children
- Tujia Woman Promotes Ethnic Culture Through Literature, Songs
- A More Beautiful World Built, Shared by All