Why Instant Pay is becoming more popular during inflation

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Why Instant Pay is becoming more popular during inflation

Rounding it up

  • Inflation is the reduction in the value of money; it occurs because there is more currency in the economy but fewer goods available for purchase.

  • Instant Pay is popular during inflation because it provides quick access to your money so you can pay bills, avoid fees, and take care of emergency expenses.

  • Unlike traditional paydays, Instant Pay doesn’t make you wait weeks or months to get access to your funds. That makes it a powerful tool during inflation when prices rise quickly.

  • Instant Pay is also great for employers because it increases employee retention and productivity, making it easier to meet business goals in a competitive labour market.

8 min read

Dan Bucherer
#Instant pay#payroll#payday#earned wage access#paycheque#inflation

Dan Bucherer

Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.

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