One of the first pioneers of Earned Wage Access
Now we’re building what comes next, a first-of-its-kind financial hub powered by streamed access to earnings.1
We advocate for EWA because we believe people should have access to their pay as they earn it.1 We are committed to working constructively with state and federal regulators and believe new regulations should protect consumers’ interests and serve companies both large and small.
How Members Use EarnIn
EWA helps people cover essentials- not drive overspending. Spending analysis shows that accessed wages go primarily toward rent, utilities, fuel, prescriptions, auto repair, and credit card payments. The data provides no evidence of increased discretionary or reckless spending. Instead, EWA acts as a liquidity tool that helps people manage essential expenses and smooth short-term cash flow.
Dispute is captured here- opposition will say that when people have access to money, they spend it recklessly. Our data shows it goes directly toward essentials.3
EarnIn is partnering with ForgiveCo to abolish $10 million in debt
EarnIn Partnership Highlight
In partnership with Undue Medical Debt (formerly RIP Medical Debt) and ForgiveCo, EarnIn abolished over $30 million in medical and personal debt for people across the country.
You can read more on the impact:
The Story Behind EarnIn's $10 Million Dollar Debt Forgiveness: An Interview with CEO Ram Palaniappan
EarnIn abolished $22 million in medical debt in Phoenix, Las Vegas and San Antonio
Surprise! Medical debts paid for 10,000 Bexar residents
EarnIn nixes $13.9M in medical debt for Bexar County residents
Timing and Financial Resilience
We surveyed working Americans and found that 51% of a paycheck is mentally pre-spent before it arrives, with 64% going to basic needs, just 16% to wants and 16% to savings.
Once that paycheck hits, spending accelerates fast: Americans use 33% within the first 12 hours and almost half (48%) within 48 hours, with 31% citing stacked bills as the main driver, and 62% saying being paid as they work would improve their financial health.
