Case Study: Walmart achieves higher employee retention and financial resilience with Even's responsible earned wage access

Walmart study shows impact of responsible earned wage access

Walmart studied the impact of offering earned wage access to more than 260,000 newly hired associates and found that on‑demand pay alone did not meaningfully improve retention or financial resilience. Walmart has offered Even’s earned wage access solution since 2017 and used the study to evaluate whether pairing early pay with budgeting, planning, and savings tools would produce better workforce outcomes.

Even’s holistic, responsibly designed app — combining on‑demand pay with budgeting, planning, and savings features — produced measurable benefits in Walmart’s analysis: associates who opened the Even app more than 8.3 times per pay period had a lower likelihood of termination (36.2%) than those who opened it less than 3.3 times (48.6%). Walmart also found that associates with identical early‑pay frequency but higher use of Even’s other features had turnover rates of 30% versus 51% for low‑use peers, and Even savers deposited an average of $163 in three months, showing improved financial resilience.

Walmart