‘Financial wellbeing’ app targets low-wage workers with high-interest loans
The GuardianSaturday, August 30, 2025 at 6:43:18 AM
NegativeWorld Affairs
Wagestream, a financial wellbeing app, is offering high-interest loans up to £25,000 to low-wage workers at companies like Pizza Express and Asda. Critics are concerned about the potential financial traps these loans may create for vulnerable employees.
Editor’s Note: This matters because it highlights the growing trend of high-interest loans targeting low-wage workers, raising concerns about their financial wellbeing and the risks of falling into debt. The implications for workers' financial health and stability are significant.
— Curated by the World Pulse Now AI Editorial System
