Branch offers a mobile digital wallet for working Americans. An on-demand hub that helps them meet their everyday financial needs, our app allows any employee to receive money, manage their cash flow, and spend anywhere – all from their smartphone.
Even before COVID-19, working Americans were struggling. The average hourly worker has been living paycheck to paycheck for quite some time—and the current economic climate has only exacerbated this insecurity. It’s hard enough dealing with potential hour reductions or furloughs, but when you’re a working parent you have additional economic pressure to face.
Both salaried and hourly working parents have already undergone so much this year with remote learning in the spring and continue to navigate the challenges and uncertainties around back to school this fall. But hourly workers are typically offered fewer benefits and resources through their place of work. They’re also at a greater risk of losing income due to closures or lost hours.
To better understand how back to school has impacted parents within the hourly workforce, we conducted a survey of over 2,000 parents who are hourly workers and the unique burdens they’re experiencing at this moment in time. Having to forego daycare or switch to remote learning for kids has meant many parents face the choice of looking after their children or keeping their job.
Check out the blog for an overview or enter your information to download the full report.