This report argues that the traditional concept of payday is outdated and misaligned with modern financial needs, especially for those living paycheck to paycheck. While compensation is periodic, expenses are constant, creating financial stress for workers with limited resources. Earned wage access and real-time payment technologies address this gap by allowing employees to access wages as they earn them. Adoption of these tools is accelerating, and the report predicts a future where pay on demand becomes the norm, replacing intermittent payroll systems across income levels due to improved efficiency and financial inclusivity.

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