Quoted: Jirs Meuris, assistant professor at the University of Wisconsin School of Business, stressed the importance of the loans. According to Meuris’ research, employees who are financially insecure tend to be less productive. This financial insecurity leads to anxiety, making employees unable to focus on work, he explained.
“These interest-free loans are trying to create these safety nets for these workers … providing these safety nets can reduce a lot of the psychological strain that comes along with financial insecurity,” Meuris said.