How Earned Wage Access Provides Relief in the Era of High-Interest Loans
DailyPay
APRIL 1, 2024
Since July of 2023, interest rates have sat between 5.25% and 5.50% and that’s the highest they’ve been since 2001. According to an ADP study, 76% of workers across all age groups say it is important for their employer to offer EWA. According to the same ADP study, 93% of employers who offer EWA say it helps them retain talent.
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