GreenPath Financial Wellness, a national nonprofit that provides financial counseling and debt management services, is partnering with not-for-profit iPSE-U.S., the Association of Independent Workers, to offer financial counseling, debt management, financial education, portable benefits and business support programs for the nation’s 40 million+ independent workers and newly unemployed looking to enter the gig-economy.
Read More: TerraPay Announces Readiness for the New World by Strengthening Management
GreenPath Partners with iPSE-U.S. to Offer Financial Wellness and Benefits Programs to U.S. Independent Workers Impacted by COVID-19
Both GreenPath and iPSE-U.S. are committed to supporting the millions of displaced quarantined workers facing financial challenges.
The two-year project, which began in February 2020, is now being accelerated to support U.S. relief efforts to those who need immediate help navigating their debt and financial obligation, with additional access to benefits and insurance programs while they are at home in quarantine, and thereafter. In the U.S. alone, contractors, freelancers, gig workers, consultants and self-employed workers across the nation generated $1.28 trillion of revenue in 2018.1 40% of the U.S. workforce will engage in independent work by 2023. 2
Read More: Celsius Network and Prime Trust partner to secure depositors funds and offer low-cost credit
“Fifty-eight percent of full-time gig workers would have difficulty covering a $400 emergency,” said Kristen Holt, president and CEO, GreenPath Financial Wellness.3 “Through our partnership with iPSE, our team of certified counselors can help independent workers navigate the financial consequences of COVID-19, manage debt and ease stress through every stage of their journey.”
“The COVID-19 crisis has pushed this initiative to the front line,” says Carl Camden, founder and president of iPSE-U.S., The Association of Independent Workers. “Solid financial health is essential for the nation’s independent workforce, especially now while people are quarantined at home with many out of work and in distress. My message to the 40 million+ independent workers and newly unemployed entering the gig economy, ‘This should be a time of hope. Everything will be okay in the end. If it’s not okay, it’s not the end. iPSE U.S. and GreenPath will be here to help you through the entire process until it’s okay in the end.’ ”
Read More: Jack Henry & Associates Launches Core-Integrated Accounts Receivable Financing