Commonwealth Bank collaborated with Green Dot partnership to help minority groups in the Bay Area who are underserved by traditional banks. This is done by providing them with access to financial services, capital, and education.
The company will provide on-site banking centers that offer payroll check cashing, bill payment services, money orders, tax preparation assistance and more. These centers are located close to where people live so they can have quick access without having to travel far.
This partnership provides an innovative way for traditionally underprivileged communities to get out of poverty through their hard work ethic while also being able to take care of other aspects of life outside of finances such as medical bills or childcare costs.
What is official announcement report?
The Green Dot Corporation has announced a partnership with the Commonwealth Bank of Australia.
This is an effort to help minority groups increase their financial stability through banking services. With this new partnership, Commonwealth will offer its customers access to online banking and bill payments for free as well as provide them with low-cost loans that are designed for first time borrowers on credit scores below 640.
As part of this agreement, Green Dot will waive all fees associated with using the Commonwealth app. “The bank’s decision to partner with us affirms our position as leaders in helping under served populations build strong financial futures,” said Steve Streit CEO of Green Dot Corporation.
Key Reasons People Hate Financial Security For Non-traditional
The gig economy is not well-suited to save money. Recent studies show that the average retirement savings amount for people working in this field of employment, at $3K maximums annually which does not include any other assets or debt they might have accumulated throughout their lifetime leading up until now.
It’s difficult enough just getting by when you’re retired without having your paycheck delayed. Because an employer won’t cough up better benefits coverage than what was offered before (which often requires paying out-of -pocket). It becomes even more pressing if those who depend on these workers fail financially too soon after being laid off — especially since our modern society.
What is gig workers?
Gig workers are people who work on a temporary or contract basis for various employers. The gig economy is the term used to describe freelance and on-demand jobs in which individuals typically provide services through an online marketplace, such as Uber, Lyft, Postmates, TaskRabbit and Thumbtack.
Minority group members often struggle with finding employment that pays well enough to live comfortably while also maintaining their families’ standards of living.
Some minority groups have issues with the way they present themselves in interviews because of self-consciousness about their language skills or accent.
This can lead to them being passed over for opportunities at companies where they might excel otherwise due to lack of cultural fit. For this reason, many organizations are partnering up with gig economy platforms.
What is main industry for Gig Wage workers?
The gig economy is all about freelancers and small companies filling the gaps in the workforce. Gig workers are now a major part of our society, as more people choose to work for themselves or as contractors instead of full-time employees.
One big question that comes up when we talk about the gig economy is: What industry does most gig workers come from? The answer might surprise you!
According to an article on Forbes, “A survey by Intuit found that 60% of those who earn income through gigs do so in arts and entertainment.”