According to Monthly Wage Wealth management, October is a month. Combat Poverty

Business Wire - Boston Unofficially, October is "Crush Your Debt" month, and Salary Finance, the top global supplier of socially responsible investment instruments in the workplace, is asking employees at member companies in the US to contribute a video with their individual accounts of how they have handled their debt. To reward those with the most inspirational tales, Salary Finance is committing up to $50,000. Those whose stories are featured will get a $500 gift card1 to use on gas, groceries, or other necessities of daily life to aid with rising living expenses. 

Employees all around the US are now able to pay off their debt thanks to Borrow2, Salary Finance's cost-effective lending option that is offered as a voluntary benefit. Salary Finance wants to honour and draw attention to those who have prioritised their financial wellness during these trying times, whether it was paying off higher-interest credit card debt, attending to past-due payments, or managing other unexpected charges.

According to Asesh Sarkar, Worldwide CEO of Salary Finance, "record-high inflation, which has followed straight on the heels of the deadliest global epidemic in over a century, has impacted Americans hard." With the "Crush Your Debt" project, Salary Finance "recognises and rewards the inspirational employees who have persisted and paid down or off their debt, kicking off their journey from debt into savings."

According to the Aspen Institute, 13 million US families have negative net worth. Salary Finance recently conducted a poll, the results of which will be made public later this month, and discovered that more than 40% of workers had used up half of their savings in the previous year, while a third of them were running out of money between paychecks.

Employees of Salary Finance employer partners who meet the requirements may participate in the "Crush Your Debt" programme. The $500 gift card winners will be contacted by December 1, 2022, and asked to submit a video of their experiences.

To help people manage their money during this hard time of high inflation and cost of living hikes, Salary Finance will host a webinar on how to do so. Additionally, each week, new content will be released on Learn, their financial education platform. New editions of the Working on Wellbeing podcast from Salary Finance will also include speakers who will share their experiences and perspectives on reducing debt and saving money.

To find out more about the "Crush Your Debt" initiative or how to make the Salary Finance programme available to your staff

Regarding Salary Finance

The goal of Salary Finance is to help working Americans become more financially secure by giving them access to ethical financial solutions at work. Employees are happier and more productive at work, and they have a higher chance of achieving long-term financial security, when they have access to reasonable credit, reduce bad debt, and improve their savings. Employers gain from increased engagement and retention without incurring additional costs. We can provide better, more inclusive financial solutions including high-interest savings accounts, easy access to credit, and individualised financial education thanks to our award-winning digital platform. Over 600 of the top employers in the world participate with Salary Finance, a United Way Worldwide corporate partner.

Salary Finance is a founding member of the American FinTech Council and the Senior Leader Network of Conscious Capitalism. Please visit www.salaryfinance.com/us for additional information.

• Terms and Conditions are in effect. See resources.salaryfinance.com/cyd for a complete list of campaign guidelines and rules for "Crush Your Debt.

• Loans under the 2 Salary Finance brand are made available by Axos Bank Member FDIC and are subject to approval, eligibility, underwriting, and terms and conditions.