But as helpful as those services can be, they also have the potential to hurt by racking up interest charges and fees.Įnter Even, a financial service that hopes to revolutionize banking. To survive, many turn to options like overdrafts and payday loans to pay their bills. The takeaway at the end of the month is the same, though: how on earth will we pay our bills? Well, according to Newsweek, there’s an app for that - or there will be soon.Īs the economy continues to embrace on-demand work arrangements, also known as the freelance economy, an increasing percentage of the workforce will face some weeks (or even months) where they are forced to live on unlivable wages. This is the new Freelance Economy, and it’s hell or heaven depending on how optimistic/entrepreneurial you are, or how much you like having coworkers, or whether you’ve ended up in this pit of uncertainty from which you must fight your way out by choice. We deal with dry spells punctuated by irregular bursts of money. Robert Reich thinks, “A majority of workers will be on their own by 2030.” 53 million, by one count, or 34% of the total workforce. Often even on time!īut more and more of us have to cope with not getting regular paychecks, like Nicole, and like the Ortiz family of fast-food workers we read about yesterday. On a more basic day-to-day level, they also make civilization possible: when we get regular paychecks, we can pay our regular bills. Regular paychecks help you plan, save, and answer such important life questions as “Can I afford to have another kid?” ![]() ![]() The regular paycheck is, increasingly, a buffalo: not a fictional creature but one hunted nearly to the verge of extinction.
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