The economic impact of Covid-19 amplified the crisis situation facing many working families. Pre-Covid-19, 78% of the population lived paycheck-to-paycheck and 69% of Americans didn’t have $1,000 to cover an unexpected expense. These staggering statistics indicate that the financial fragility of our country is both pervasive and widespread. Living paycheck-to-paycheck means that the people in this statistic have jobs and somewhat regular paychecks, and while many employers assume that providing salaries is sufficient, employees today simply need more help when it comes to their financial situations.
