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2023 PAYACTIV IMPACT REPORT

EWA Shields Workers From Financial Vulnerability

As a leading financial wellness provider, Payactiv annually measures our impact using survey-based data to learn about the outcomes customers experience when they use Earned Wage Access (EWA).

Post-pandemic, inflation has reached a 40-year high and Americans are struggling to manage the basic cost of living

Payactiv is a security blanket and in today’s economy, it’s absolutely needed.

Pennsylvania Payactiv User
0 %

of people say Payactiv has helped them cope with inflationary pressures

0 %

of people say not having Payactiv would negatively impact their household

0 %

of people say their ability to manage their finances has improved because of Payactiv 

[Without Payactiv] I would have to go back to payday loans and borrowing from a friend or a family member.

Missouri Payactiv User

EWA Cuts Reliance on Payday Loans and Overdrafts

Before Using Payactiv

30%

of customers used
payday loans

of customers used payday loans

33%

used overdrafts to access
money between paychecks.

used overdrafts to access money between paychecks.

> 0 %
> 0 %

Upon utilizing Payactiv, those Payday loans and overdraft use plummeted by 70% and 69%, respectively.

[Without Payactiv] I would struggle to eat and commute to work, potentially risking my job.

Michigan Payactiv User
Food, transportation, and utilities are the most common expenses respondents spend their earned wages on
0 %

 use Payactiv to buy food

0 %

use their earned wages for transportation

0 %

apply EWA to utilities

0 %

use EWA for household needs

0 %

access funds for rent or mortgage

0 %

rely on EWA for emergencies 

[Payactiv] makes living paycheck to paycheck a little easier if I have early access to my income.

Arizona Payactiv User

EWA a Critical Benefit to Help Companies Recruit and Compete for Gig Workers

The gig economy has exploded worldwide with an increasing number of individuals opting for flexible, independent work arrangements. But working Americans in the gig economy face unique financial challenges. Irregular income, no benefits, self-employment taxes, limited access to credit, and a lack of workplace protections all result in financial strain.

0 %

of people say Payactiv has helped them cope with inflationary pressures

0 %

 of users working in the gig economy say their job provides access to wages immediately after their shift

Earned Wage Access (EWA) is a crucial factor in job selection and having early access to earned wages is highly valued. 
0 %

of people surveyed rate earned wage access as an “extremely important” benefit for employers to offer

> 0 %

of users report improved satisfaction with their employer because of Payactiv

I think every employer should offer this service to their employees. Especially if you’re the only person in your family bringing in money, this service is a life saver.

California Payactiv User

Research Methodology
Payactiv partnered with 60 Decibels to conduct an online survey of its over 1,000 users. Users were randomly selected, are hourly workers, and work at enterprise and small and medium size businesses.

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