In today’s top news, tech startups have laid off nearly 70,000 employees in the last four months, and Rocket Companies, parent of Quicken Loans, filed for an IPO. Plus, Walmart reportedly plans to launch a subscription program. Tech Startups Laid Off 70K Since March Tech...
In the paycheck-to-paycheck economy, estimates vary slightly. Some analysts have reported that roughly 65 percent of all U.S. workers now live paycheck to paycheck, and a large fraction of those workers struggle to pay their bills. A PYMNTS study, done in collaboration with Mastercard, found...
Fifty-nine percent of U.S. adults still live paycheck to paycheck, and the realities of the situation are stark: These consumers often do not have funds to spare to cover emergency expenses, and are dependent on receiving timely and convenient disbursements. State and local government disbursements...
A little more than a year ago, PYMNTS started tracking the race for the consumer’s whole paycheck between the two retail behemoths that have been expanding their respective ecosystems in the process: Amazon and Walmart. At the time, in November 2018, it became clear that...
January 27, 2020
In the paycheck-to-paycheck economy, estimates vary slightly. Some analysts have reported that roughly 65 percent of all U.S. workers now live paycheck to paycheck, and a large fraction of those workers struggle to pay their bills. A PYMNTS study, done in collaboration with Mastercard, found that nearly 30 percent of gig workers — currently more […]
December 31, 2019
A little more than a year ago, PYMNTS started tracking the race for the consumer’s whole paycheck between the two retail behemoths that have been expanding their respective ecosystems in...
March 07, 2019
If rules were made to be broken, what better rule to break than the rigid two-week payday cycle? Visa and PayActiv have teamed up to offer on-demand access to earned wages,...
January 18, 2019
There is no shortage of headlines about the partial government shutdown that is now on its 27th day, and no shortage of articles speculating how long it will go on, what will...
February 14, 2019
A proposed law aims to completely overhaul the student loan system by having monthly bills automatically deducted from borrowers’ paychecks. According to CNBC, Senator Lamar Alexander (R-TN) — chairman of the Senate Committee on Health, Education, Labor and Pensions — has proposed legislation that would offer two student loan repayment routes: one where borrowers’ monthly bills are capped […]
April 11, 2017
Wells Fargo recently clawed back an additional $75 million in executive pay from two former high-level employees as part of the latest fallout from ongoing investigations into the company’s sales...
