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The costs and pitfalls of ‘earned wage access’ apps that offer loans between paychecks

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Two years of high prices for everything from groceries to gas have left many Americans struggling between paydays. For help, some are increasingly turning to “earned wage access” apps, which offer small, short-term loans until their next paycheck. We hear from people who use these apps, and John Yang speaks with Associated Press business reporter Cora Lewis to learn more.

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Category
U.S. & Canada
Tags
cash advance, paycheck, personal finance
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