This post was originally published on this site
A
t a time when employees have been dealing with high inflation and economic volatility for several years, many have been forced to rely on short-term financial fixes at the expense of long-term financial stability. This could mean siphoning money out of their savings, early 401(k) withdrawals, or even taking out payday loans. Payday loans are the most harmful of all these emergency measures, as they saddle borrowers with massive interest rates that can raise the risk of default or trap them in a debt cycle.
re’s no reason employees should be forced to mortgage their futures to handle unforeseen financial