Many Healthcare Workers Are Running Out of Money Between Paychecks and Find It Challenging To Pay Bills on Time
Over 8 in 10 Say It Would Be Helpful To Be Paid More Frequently
NEW YORK, July 10, 2024 /PRNewswire/ -- Healthcare workers across the United States are struggling with their finances according to new research conducted by the Harris Poll, and DailyPay. Among the key findings include:
The survey also reveals the financial challenges of healthcare workers today could potentially have a long-term negative impact.
"Healthcare workers have selflessly served communities all across the country during some of our most difficult times," said Ed Zaval, Chief Customer Officer at DailyPay. "Amid continued high inflation, they are challenged to make ends meet and pay bills on time."
However, one solution to healthcare workers' ability to pay bills on time is the timing of their pay and the relevance of the employer-offered financial wellness benefit of earned wage access. With earned wage access, employees are empowered to access their pay as they earn it to pay bills on time, spend, save, or invest on their own schedule.
"We are encouraged to see that earned wage access offered by leading healthcare providers can be helpful in balancing their finances and avoid falling into debt," added Zaval.
Survey Methodology:
Respondents for this survey were selected from among those who have agreed to participate in our surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within ± 6.4 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact David Schwarz.
About DailyPay, Inc.
DailyPay, Inc. is transforming the way people get paid. As the industry's leading on-demand pay solution, DailyPay uses an award-winning technology platform to help America's top employers build stronger relationships with their employees. This voluntary employee benefit enables workers everywhere to feel more motivated to work harder and stay longer on the job, while supporting their financial well-being outside of the workplace. DailyPay is headquartered in New York City. For more information, visit www.dailypay.com/press.
DailyPay Media Contacts:
David Schwarz
[email protected]
Adriana Ball
[email protected]
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SOURCE DailyPay