mykdeenReading this story about new #paydaylending methods and the people who live paycheck-to-paycheck is super depressing.
These aren't the pejorative "burger flippers" but people working in offices, health care and manufacturing.
Or in other words: every US worker.
https://apnews.com/article/earned-wage-access-costs-payday-loans-9679d1bd09546d12074e0f27e23f0632
These apps allow workers to get paid between paychecks. Experts say there are steep costs
More people are using so-called Earned Wage Access apps to get money to pay bills and buy groceries in between paydays. The typical user earns less than $50,000 a year, according to the Government Accountability Office, and has experienced the pinch of two years of high inflation. Proponents say the service helps those living paycheck to paycheck balance their budgets. Some consumer advocates and lawmakers say the fees and “tips” make Earned Wage Access comparable to payday loans. While Congress considers a federal bill, some states are taking steps to rein in the fees.
Verdant Square MD - DC - VA