These apps allow workers to get paid between paychecks. Experts say there are steep costs
NEW YORK -- When Anna Branch, 37, had her hours at work reduced in 2019, she suddenly noticed ads for an app called EarnIn.
Stay updated with breaking news from Earned Wage. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NEW YORK -- When Anna Branch, 37, had her hours at work reduced in 2019, she suddenly noticed ads for an app called EarnIn.
Experts say there are steep costs
While Earned Wage Access apps have been around for over a decade, the pandemic and its aftermath boosted their popularity.
NEW YORK — When Anna Branch, 37, had her hours at work reduced in 2019, 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
These apps extend small short-term loans to workers in between paychecks so they can pay bills and meet everyday needs.