{
  "id": 2976125,
  "title": "WorkWhile CEO Wants Earning Power to Become Finance’s Fourth Rail",
  "url": "https://urgent.news/2026/08/24/workwhile-ceo-wants-earning-power-to-become-finances-fourth-rail",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T08:03:15.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/gig-economy/2026/workwhile-ceo-wants-earning-power-to-become-finances-fourth-rail/"
  },
  "original_language": "en",
  "account": "The WorkWhile CEO, Simon Khalaf, argues that earning power should be considered as the fourth key factor in finance, following credit, debit, and buy now, pay later. This concept recognizes that a worker's ability to earn money, rather than just the money they already possess or can borrow, plays a crucial role in their financial stability.\n\nAccording to Khalaf, the financial services industry has historically catered to consumers with predictable income, but these products are often used by the majority of consumers with variable income. For instance, a worker paid by the shift may find that a $200 payment received tomorrow holds more value than an annual income figure, especially when faced with unexpected expenses.\n\nThe Wage to Wallet Index reveals that the labor economy comprises approximately 60 million workers, whose households spend significantly less overall and on nonessential items. Many of these workers prefer debit over credit, as it provides a hard limit on spending and minimizes the temptation to use credit for non-essential purchases.\n\nKhalaf contends that financial products like credit cards, which provide access to working capital between a purchase and a paycheck, are not suitable for workers with variable income. Instead, they may choose to work more additional hours to cover unexpected expenses, demonstrating better fiscal responsibility than those who rely on high-interest loans.\n\nThe CEO believes that earning power, which encompasses workers' ability to earn money, should be recognized as a critical factor in financial capacity. This perspective would enable financial institutions to assess workers' financial discipline and ability to find alternative shifts, as well as the duration and amount of income that becomes available.",
  "summary": "Watch more: Monday Conversation With WorkWhile’s Simon Khalaf For a worker paid by the shift, $200 arriving tomorrow can outweigh an annual income figure that looks healthy on paper. That’s an authentic test of financial health and the one PYMNTS CEO Karen Webster put to WorkWhile CEO Simon Khalaf in the latest Monday Conversation: what […] The post WorkWhile CEO Wants Earning Power to Become…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}