Tearsheet Podcast: Exploring Financial Services Together cover image

'Earned wage access is the next evolution in improving day-to-day liquidity': Argyle's Matthew Gomes

Tearsheet Podcast: Exploring Financial Services Together

CHAPTER

The Two-Week Pay Cycle Is Out of Date

About 150 million Americans have less than a thousand dollars in savings, 115 million of them report living paycheck to paycheck. About a third of the US adult population lacks access to traditional forms of credit. And I think the reason that the two-week pay cycle is really out of date and creates a problem is because that segment of the population does not have the ability to absorb unexpected expenses.

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