Both forms of EWA programs have been touted as useful choices to assist workers protect unforeseen costs and steer clear of high-cost options.

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Both forms of EWA programs have been touted as useful choices to assist workers protect unforeseen costs and steer clear of high-cost options. But workers face dangers because of the nuances and item top features of these types of services. The fees they accumulate could rival recurring overdraft fees (National Consumer Law Center 2020) if an employee is a repeat user of these services. In addition, EWA providers don’t have understanding of all deductions from an employee’s paycheck, such as for instance healthcare and retirement, which may lead to the worker overleveraging. Moreover, a member of staff could “double dip” […]