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Walmart Among Others Provide Workers Cash Advance Alternative

Walmart Among Others Provide Workers Cash Advance Alternative

More businesses are stepping directly into assist their employees with a less costly method to find some crisis money than payday advances. MHJ/Getty Photos hide caption

More businesses are stepping directly into assist their employees with a much cheaper method to find some crisis money than pay day loans.

Even yet in an economy that is strong numerous Us americans live paycheck to paycheck. Forty per cent don’t possess $400 to pay for an urgent situation cost, such as for example a motor automobile fix. And several working-class people turn to payday advances or other high priced methods to borrow funds. But more businesses are stepping directly into assist their employees having a much cheaper method to find some crisis money.

Startup businesses that provide better alternatives for employees are partnering along with types of businesses — from giants like Walmart to tiny fried chicken restaurants.

“that is where all of it occurs; it is kitchen area here,” says cook Keith Brown while he walks beyond the ovens and big soup bowls of flour at Lee’s Famous Recipe Chicken in Richmond, Va.