Earnin, Dave, and a slew of other fintech startups claim to address the needs of lower-income Americans by offering them early access to their wages. But in Silicon Valley, as in Vegas, the house always wins.
Qwatasia has a full-time job as a fraud analyst in Dallas, where she works the third shift—5 p.m. to 2 a.m.—Monday through Friday. But she finds it difficult to live on her salary. Sometimes, she’s short on rent as she waits for her next paycheck to hit.