Recent studies highlight that nonessential spending and family financial support are the leading causes of the paycheck-to-paycheck cycle, affecting 66% of individuals. We’ll discuss how these behaviors contribute to financial instability throughout the year.
Debt and insufficient income are also significant factors, impacting 64% and 60% of consumers, respectively. We’ll explore strategies for managing debt and boosting income to achieve long-term financial stability. Additionally, we’ll cover the regulatory environment surrounding Earned Wage Access (EWA), a valuable financial tool. Understanding EWA’s regulatory framework is crucial for both employers and employees.
In summary, living paycheck to paycheck is a widespread issue. Join us to discover proactive solutions, including EWA, and gain valuable insights into achieving financial stability.
