Salary Finance, the leading global provider of financial education and salary-linked benefits for employees, announced that it has partnered with Trusted Capital Group (TCG), a provider of investment and retirement planning solutions, to deliver access to affordable credit to TCG’s employees. Salary Finance is a free benefit available to the company’s more than 100 employees, providing access to loans that can help employees pay off debt or cover unexpected expenses at a lower cost than traditional lenders.
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With financial stress at an all-time high, Salary Finance delivers benefit to TCG employees that provides access to low-cost loans.
Access to affordable credit is an area of need for U.S. workers, one that is only increasing due to the economic instability brought on by the COVID-19 pandemic. A Salary Finance survey of U.S. workers conducted in December 2019 found that access to affordable credit is one of the most desired benefits not currently being offered by companies. A June survey by the salary-linked benefits provider found that nearly two-thirds of American workers are dealing with financial stress, which has a significant effect on physical and mental health.
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“What’s good for our customers is also good for us,” said John Pesce, CEO and co-founder, TCG. “We partnered with Salary Finance last spring to bring its salary-linked loans to our clients in the education sector and have launched programs with nearly 200 campuses to date, making Salary Finance salary-linked benefits available to over 20,000 employees. We have now implemented those same benefits here at TCG. U.S. workers are dealing with more financial strain than any other time in modern history. It is the responsibility of employers to support their workers during this time of need and ensure they have the resources at their disposal to eliminate debt and have affordable access to credit if anything unforeseen happens.”
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