clearn.png
Thursday July 9th, 2020 4:05AM

Walmart gives workers a way to get paid earlier

By The Associated Press
Related Articles
  Contact Editor

NEW YORK (AP) — Walmart is providing workers with an app aimed at helping them budget their money and get paid before payday.

The retailer said Wednesday that it teamed up with financial technology startup Even and PayActiv to provide an app to 1.4 million Walmart workers.

The Even app automatically plans ahead for bills, savings goals and will show workers how much they can safely spend. It will also allow workers to access cash before a scheduled payday up to eight times a year for free.

Walmart said it will cover the costs for Even for both full and part-time workers at Walmart, Sam's Club and its e-commerce sites. Users will have to pay a fee if they want to get paid earlier more than eight times a year.

Critics and labor groups said the service is another sign that Walmart doesn't pay its workers enough.

"Living paycheck to paycheck is too common at Walmart and that is the problem that Walmart should be trying to solve," said the Organization United for Respect at Walmart.

Wal-Mart Stores Inc. pays new workers $9 an hour. That's above the $7.25 per hour federal minimum wage, but below some of what its rivals pay. Target Corp., for example, has a minimum hourly wage of $11 and plans to grow it to $15 by the end of 2020.

  • Associated Categories: U.S. News, Associated Press (AP), AP National News, Top U.S. News short headlines, AP Business, AP Business - Personal Finance
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Microsoft updates Bing search to highlight reputable results
Microsoft updates Bing search to highlight reputable results, summarize opposing sides on contentious questions
5:36PM ( 7 minutes ago )
GOP's not all that sad; party grapples with Alabama fallout
Republicans grapple with political fallout after Alabama stunner; fear grows about 2018 midterms
5:32PM ( 11 minutes ago )
GOP says it's got a deal on taxes; cuts coming for next year
GOP leaders forged agreement tax overhaul, paving the way to slash taxes for businesses and give most people tax cuts starting next year
5:27PM ( 16 minutes ago )
Associated Press (AP)
US stocks indexes close mostly higher after Fed rate hike
The major U.S. stock indexes finished mostly higher Wednesday, with small companies notching big gains as lawmakers in the House and Senate reached a deal on a sweeping tax reform package
5:02PM ( 42 minutes ago )
Trump condo prices falling in Manhattan, report finds
A report from a real estate company says prices for condos in Trump buildings with his gilded name above the door are falling in the first year of his presidency.
5:00PM ( 44 minutes ago )
Fed rate increase is 3rd this year; foresees 3 more in 2018
Fed boosts key interest rate for third time this year to range of 1.25 percent to 1.5 percent
4:55PM ( 49 minutes ago )
AP Business
The Latest: Trump lauds deal on GOP tax cuts
President Donald Trump is explaining how the tax-overhaul plan working its way through Congress would cut tax bills for middle-class families
3:32PM ( 2 hours ago )
AP sources: House, Senate leaders reach deal on tax package
House and Senate GOP leaders have forged an agreement on a sweeping overhaul of the nation's tax laws, paving the way for final votes next week to slash taxes for businesses and give most people tax cuts starting next year
2:02PM ( 3 hours ago )
GOP tax plan trims top rate for wealthy, cuts corporate rate
A massive Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.
4:22AM ( 13 hours ago )
AP Business - Personal Finance
Microsoft updates Bing search to highlight reputable results
Microsoft updates Bing search to highlight reputable results, summarize opposing sides on contentious questions
5:36PM ( 8 minutes ago )
GOP's not all that sad; party grapples with Alabama fallout
Republicans grapple with political fallout after Alabama stunner; fear grows about 2018 midterms
5:32PM ( 12 minutes ago )
GOP says it's got a deal on taxes; cuts coming for next year
GOP leaders forged agreement tax overhaul, paving the way to slash taxes for businesses and give most people tax cuts starting next year
5:27PM ( 17 minutes ago )
Atlantic City casino to train minority youths as workers
Young, minority residents who have long felt excluded from the benefits of Atlantic City's casinos are being trained as construction workers for the gambling town's newest resort.
5:24PM ( 20 minutes ago )
Biden consoles daughter of ailing Arizona Sen. John McCain
Former Vice President Joe Biden sought to console the daughter of ailing Sen. John McCain after she began crying while discussing her father's battle with brain cancer on ABC's "The View."
5:23PM ( 21 minutes ago )