Tag #On-Demand Pay

What is the significance of the growing use of on-demand pay apps in the context of rising household debt in the United States?

On-demand pay apps like DailyPay, FlexWage, and Tapcheck are gaining popularity among American workers facing financial stress, allowing them to access earned wages before payday for a small fee. This surge coincides with a record-high $18.2 trillion in total household debt, indicating a growing need for immediate financial relief. Millions of Americans are struggling to manage their debt, with 35% unable to pay all bills on time.