One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
Publishing timestamp: 2023-11-02 19:15:13
Summary
The need for second and third incomes is increasing, with almost half of the digital bank's payment customers having more than one job. This is due to the rising cost of living and wage inflation moderating. The CEO is concerned about less affluent consumers going into debt to pay for basic necessities, as credit card debt has reached over $1 trillion.
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