American households remain financially fragile – but just how fragile?

According to a new Federal Reserve survey, almost 40% of Americans said they don’t have enough cash on hand to cover an unexpected $400 expense.

And the quick fix in most cases? Relying on credit-card balances or loans from family and friends. And in the worst case, people dip into their 401(k) accounts.

The answer to the problem starts with PTO Exchange.

PTO Exchange has developed a fully customizable platform which provides organizations the ability to offer employees the flexibility to swap their accrued PTO for whatever means the most to them, when they need it the most. Most importantly – an emergency fund.

With the newly announced PTO E-Cash, employees are able to access their paid time off in times of an emergency.

Instead of maxing out credit cards, asking for loans, prematurely dipping into their 401(k) accounts or being trapped in pay-day loan cycles, employees can now capitalize from their hard work and loyalty when they need it.

An emergency fund can help cover the cost of life’s unpleasant surprises like medical bills, car repairs, or even job loss. Without one, these unfortunate situations become even worse, as you could face some tough decisions when things don’t go according to plan.

Instead of conforming to the traditional norm of paid time off, the financial stability this solution provides can lead to enhanced employee reliability and productivity, as well, reducing employee stress and stress-related health issues.

For more information, visit PTOExchange.com.

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