US employers supporting workers with free access to pay through DailyPay

Hundreds of employers, including United Methodist Retirement Communities, are leveraging the on-demand pay leader to empower employees during the pandemic.

With top employers taking drastic actions in response to COVID-19, DailyPay, the leading provider of the daily pay benefit, announced it is waiving fees for access to earned income, effective this week. DailyPay has coordinated this multi-million dollar effort for all employees of companies who offer DailyPay; the waived fees will be in effect until further notice.As the risk of quarantine grows throughout the U.S., consumers are lining up at grocery stores and retailers to buy products in bulk. In fact, 63 percent of users said they would use DailyPay for medical emergencies. Now, 43 percent of employees using DailyPay are accessing their pay early for COVID-19-related expenses — a number that spiked 400 percent between March 14 and March 17. With 1 in 7 employees now accessing their earned income early to prepare for the potential impacts of the coronavirus, the reality is that many Americans may lack the funds to adequately prepare for this pandemic. Thanks to partnerships with top employers, DailyPay users can now access their earned pay at zero cost without having to wait for the company-defined payday.

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43% of Employees Are Getting Paid Early With Access to DailyPay

Employers are supporting the employees amid the outbreak of COVID-19 outbreak with free access to DailyPay

With employers taking drastic actions in response to COVID-19, DailyPay, the provider of the daily pay benefit, announced it is waiving fees for access to earned income, effective this week. DailyPay has coordinated this multi-million dollar effort for all employees of companies who offer DailyPay; the waived fees will be in effect until further notice.

As the risk of quarantine grows throughout the U.S., consumers are lining up at grocery stores and retailers to buy products in bulk. In fact, 63% of users said they would use DailyPay for medical emergencies. Now, 43% of employees using DailyPay are accessing their pay early for COVID-19-related expenses — a number that spiked 400% between March 14 and March 17. With 1 in 7 employees now accessing their earned income early to prepare for the potential impacts of the coronavirus, the reality is that many Americans may lack the funds to adequately prepare for this pandemic. Thanks to partnerships with top employers, DailyPay users can now access their earned pay at zero cost without having to wait for the company-defined payday.

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Opinion: How to avoid this deadly senior trap (AMAVA)

No doubt you’ve heard the phrase “dying of a lonely heart.” It’s true, many people do. In fact, here’s a staggering finding: In terms of dying early, being lonely is worse—two times worse, in fact, than being obese. 

That’s how unhealthy being lonely can be. 

That’s according to researchers from the University of Chicago, who tracked more than 2,000 people aged 50 and over for more than six years. They found that the average person in the study who admitted being lonely had a 14% greater risk of dying an early death. In terms of mortality, the only thing worse was living in poverty. Sadly, some people fall into both categories. 

Why is loneliness such a killer? Numerous studies link being alone—persistently alone and isolated, with little if any contact with family or friends—to everything from heart attacks, strokes, depression and anxiety. 

How big of a problem is loneliness among older Americans? Very big, according to another survey on healthy aging, this one conducted by the University of Michigan’s Institute for Healthcare Policy and Innovation. It says that one in four people aged 50 to 80 feel isolated at least some of the time, and one in three lack regular companionship.

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DailyPay Improves Employee Pay Experience With SAVE 3.0

NEW YORK, Feb. 26, 2020 /PRNewswire/ -- DailyPay, the premier provider of the daily pay benefit that transforms the pay experience — today announced SAVE 3.0 to expand no-cost ways employees can allocate earned income to their own savings account before their scheduled payday. This feature supports America Saves Week's annual celebration and call-to-action for Americans to commit to saving successfully.

Feature enhancements were defined after evaluating suggestions from America's top employers, a wide range of employees and a survey of 1,000 hourly workers regarding savings needs and preferences. Highlights of this survey suggested:

• 78% of respondents want cost-free ways to help them save.

• Two-thirds (64%) of respondents want their savings app to deposit savings funds into their personal bank account.

• Over one-half of respondents (57%) want a savings account that earns interest.

For years, DailyPay has enabled employees to access their earned income before payday. For a small fee, employees can use their income to cover unexpected bills, support lags in payday periods, and gain financial stability. By combining PAY and SAVE, DailyPay has created a superior pay experience that will have a positive impact on every employee.

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Amava Announces Partner Program With Select Organizations to Provide Amava Members With Opportunities to Earn, Learn, Give Back and More

Launches the “Amava Inclusivity Initiative” to Align Members and Partners

SAN MATEO, Calif., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Today, Amava, a platform connecting a new generation of retirees and empty nesters with flexible jobs, volunteer gigs and unique experiences, announces the official launch of the Amava Partner Program to bring Amava Members thousands of new, socially engaging opportunities to earn, learn, give back and more.

Organizations struggle to reach Baby Boomers and Gen Xers because it's expensive and they are unsure of best practices for messaging these audiences. Amava is the first to build a scaled platform designed specifically to bring together this demographic with organizations serving them. Amava is tackling this problem head on with a solution that aligns organizations with their customers, volunteers and employees. Leaders such as the American Heart Association, Global Volunteers, Road Scholar and Rover have joined the program to reach this large, rapidly growing group.

“We are thrilled by the interest and positive feedback of our Partners and our Members so far,” says Mark Silverman, CEO of Amava. “While news trends stoke intergenerational conflict, we see our Members and Partner organizations coming together to build multigenerational workplaces that value individuals not just as customers, but as contributors to the culture and success of their organizations.” 

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