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University of Oregon economist tells committee earned‑wage access linked to short‑term income gains
Summary
Research presented to the committee showed first-time use of earned‑wage access was associated with an average $334 monthly increase in income in the first three months, with users typically accessing about $95 per transaction and spending it on necessities.
An academic presentation on earned‑wage access drew the committee’s attention to new evidence that the product can affect work incentives and household cash flow. Jonathan Davis, an associate professor of economics at the University of Oregon, testified using data from a major provider and peer-reviewed methods.
Davis said he compared…
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