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Debt-burdened Americans brace for more inflation, fewer jobs, Achieve survey finds

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1 in 4 households saw their debt grow last quarter as consumer optimism falters amid tariff threats and a stagnating job market

SAN MATEO, Calif., Feb. 13, 2025 /PRNewswire/ — Amid growing concerns that new U.S. tariff policies could spark a global trade war, reignite inflation and threaten job security, fewer American households believe their personal finances will improve in 2025, according to a new study by Achieve, the leader in digital personal finance.

1 in 4 households accrued more debt last quarter as optimism falters amid tariff threats and a stagnating job market

While many Americans continue to experience financial strain and rising debt, overall trends were mostly stable in the latest edition of Achieve’s quarterly household debt study:

26% of households accrued more debt over the past three months, down slightly from 28% in Achieve’s fourth quarter 2024 study.35% decreased their total debt, an improvement from 31% in the previous quarter.39% reported their debt remained flat, down slightly from 42% last quarter.57% are carrying a credit card balance to cover essential expenses, down slightly from 58% last quarter. Nearly half of these respondents have had this debt for more than six months.36% find it difficult to pay their debts on time, unchanged for the past three quarters. Key reasons include insufficient income (68%), owing on too many accounts (36%, up from 31% last quarter) and cash-flow issues (27%, up from 25%).

“Achieve’s latest household debt data shifted slightly in a positive direction, but we can’t ignore the long-term financial impact debt has on consumers,” said Achieve Co-Founder and Co-CEO Andrew Housser. “For people struggling to make ends meet and who feel like they have no other option but to take on more debt, it can take months, if not years, to regain financial stability.”

Consumer expectations vs. reality: a growing disconnect

In the final months of the 2024 election cycle that focused predominantly on the economy, 44% of consumers believed their financial situation would improve in the second half of the year, according to Achieve’s 3Q24 survey. At the time, only 14% expected their finances to worsen. However, Achieve’s latest survey paints a more concerning picture:

Only 28% of respondents said their financial situation improved in the last six months of 2024.29% reported their finances worsened, more than double the share of those who initially expected to be worse off.Looking ahead to 3Q25, 47% of respondents expect their finances will improve, down from 56% who predicted the same back in 3Q24.

“While the stock market has made monumental gains throughout 2024, that’s of little comfort to households living paycheck to paycheck, contending with inflation, prospects of job loss and continued high levels of debt,” Housser said.

Debt trends show mixed progress as financial pressures persist

This study, conducted by Achieve’s think tank, the Achieve Center for Consumer Insights, complements the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit by providing qualitative insights into consumer borrowing and debt. To further examine the causes and ramifications of rising loan delinquencies, the survey panel includes a subset of respondents who have missed one or more debt payments over the past year.

Similar to previous editions of the survey, consumers who took on more debt over the past three months attributed the increases to difficulty making ends meet (31%); job losses (25%); and general overspending (24%), among other challenges.

As borrowers prioritize the essentials, missed-payment risk rises for unsecured debts like BNPL

Achieve’s 1Q25 survey found small declines in the share of respondents at risk of being late or missing payments on many essential monthly bills, as well as loans secured by collateral during the next three months. At the same time, missed-payment risk increased on buy now, pay later (BNPL) debt, personal loans and credit cards. This shift highlights how consumers are adapting their borrowing and repayment behaviors in response to short-term financial pressures, particularly after the holiday season.

“Consumers frequently rely on credit cards, BNPL and other short-term credit over the holidays, so it makes sense to now see elevated concern about repaying these debts. It’s also common for many households to be stretched thin early in the year, which is why we’re seeing consumers prioritize key expenses like rent, utilities and insurance,” said Housser. “Tax season often provides families breathing room to get caught up on bills, but broader economic pressures like inflation and trade policy changes are currently reshaping many households’ budgeting decisions.”

Meanwhile, student loan borrowers are still struggling following the resumption of federal loan payments. Student loan obligations continue to face the highest levels of uncertainty and volatility, even as missed payment risk fell to 32% in 1Q25, from 38% in 4Q24.

“While student loan forgiveness is seemingly off the table, many borrowers remain hesitant about resuming payments,” said Housser. “It may take time for borrowers to accept this reality and get back into regular payment routines.”

Stretched too thin: Why borrowers get behind on their debts

Macroeconomic factors like inflation and job market uncertainty continue to shape consumer financial behavior. Rising financial strain — driven by cash shortages, income instability and essential costs — prevents many from staying current on debts. Among respondents who missed a payment on any type of debt, 29% cited not having the money to pay as the primary reason for the delinquency, up from 25% in 4Q24. Student loan borrowers saw a similar rise, with 37% running out of money, up from 32%. Lost jobs and income were the second most common reason, affecting 16% of all borrowers and 21% of student loan borrowers.

Meanwhile, missed auto loan payments due to simply forgetting to pay surged to 13%, compared to 1% last quarter. The impact of rising essential costs lessened slightly, with 6% citing it as their primary reason for delinquency, down one percentage point. Among credit card holders, 7% blamed higher costs, down from 13% last quarter.

Methodology

The data and findings presented are based on an Achieve survey conducted in January 2025 consisting of 2,000 U.S. consumers ages 18 and older with an active account for one or more of the following categories of consumer debt: auto loan; major credit card with a minimum outstanding balance of $100; first-lien mortgage; home equity line of credit (HELOC); student loan; and other (unsecured personal loan, store-branded credit card, buy now, pay later loan, or closed-end home equity loan). The sample was augmented to include a statistically significant subset of credit card, auto loan and student loan borrowers who have been 30 days or more past due at least once in the past six months.

About the Achieve Center for Consumer Insights

The Achieve Center for Consumer Insights is a think tank that leverages Achieve’s team of digital personal finance experts to provide a view into the state of consumer finances. In addition to sharing insights gleaned from Achieve’s proprietary data and analytics, the Achieve Center for Consumer Insights publishes in-depth research, bespoke data and thoughtful commentary in support of Achieve’s mission of helping everyday people get on the path to a better financial future.

About Achieve

Achieve, THE digital personal finance company, helps everyday people get on, and stay on, the path to a better financial future. Achieve pairs proprietary data and analytics with personalized support to offer personal loans, home equity loans, debt resolution and debt consolidation, along with financial tips and education and free mobile apps: Achieve MoLO® (Money Left Over) and Achieve GOOD™ (Get Out Of Debt). Achieve has 2,500 dedicated teammates across the country, with hubs in Arizona, California, Florida and Texas. Achieve is frequently recognized as a Best Place to Work.

Achieve refers to the global organization and may denote one or more affiliates of Achieve Company, including Achieve.com (NMLS ID #138464); Achieve Home Loans, Equal Housing Lender (NMLS ID #1810501); Achieve Personal Loans (NMLS ID #227977); Achieve Resolution (NMLS ID # 1248929) and Freedom Financial Asset Management (CRD #170229).

Contact

Erica Bigley
Vice President
Corporate Communications
ebigley@achieve.com
415-710-9006

Austin Kilgore
Director
Corporate Communications
akilgore@achieve.com
214-908-5097

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SOURCE Achieve

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Infinite Electronics Showcases Engineered Connectivity Solutions at electronica 2026

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Engineered Connectivity from operating companies Bulgin, L-com, Pasternack, Transtector, PolyPhaser, Capable and KC Industrie address industrial, AI and energy applications

MUNICH, Oct. 28, 2026 /PRNewswire/ — Infinite Electronics, a global manufacturer of specialized connectivity solutions, will exhibit at electronica 2026 in Munich, 10–13 November. Visitors to Infinite Electronics’ booth in Hall A3, Stand 241 will see connectivity products for data centre, drone, industrial automation and energy applications from its operating companies, including Bulgin, L-com, Pasternack, Transtector, PolyPhaser, Capable and KC Industrie.

“Our customers face complex requirements that require solutions spanning multiple product categories, and our engineering expertise and product offering means we can partner with them throughout the processes,” said Nick Young, President & General Manager of Infinite Electronics’ Industrial & ICC Business Units. “A drone programme, for example, needs antennas, sealed connectors and surge protection. Most engineers have to source them from three suppliers. We have Pasternack antennas, Bulgin connectors and Transtector surge protection, so with Infinite it’s one conversation with experts who operate as a true technology partner in developing the solution.”

At the booth, visitors can experience product demonstrations, speak directly with industry experts, and explore high-performance connectivity solutions built for demanding applications. An interactive display will showcase products using RF tags that automatically trigger relevant information on overhead screens, while touchscreens across the stand provide detailed technical specifications.

The stand will feature Bulgin’s new hybrid circular connectors, which are part of its 6000 Series Buccaneer range. These solutions can be configured with two, four or six contacts, combining power and signal connectivity in a single rugged connector. Additional products in the exhibit will include:

Industrial cabling and components from L-com, including advanced Ethernet cabling for high-performance transmission and data management in data centres.Custom specialty cables, cable harnessing and assembly from Capable and KC Industrie, manufactured in-house.Drone antennas, including new multi-constellation GNSS models with anti-jamming technology from Pasternack, alongside a mix of RF connectors and adapters.Surge protection from Transtector and PolyPhaser, which protect against damaging electrical surges and can be used across data centre and communications infrastructure, including antennas, coaxial connections, cabling and wireless systems.

Visit Hall A3, Stand 241 to meet with Infinite Electronics experts and explore solutions for specific application needs.

To learn more about Infinite Electronics’ connectivity solutions, visit www.InfiniteElectronics.com.

About Infinite Electronics
Infinite Electronics powers a global portfolio of specialized connectivity companies that design, manufacture and deliver reliable engineered solutions worldwide. Built as a unified platform for speed, scale and reliability, the company combines shared infrastructure, best-in-class logistics and deep engineering expertise to support mission-critical connectivity needs. Through scalable global operations and rapid development capabilities, Infinite helps customers accelerate innovation and bring new ideas to market. Learn more at www.infiniteelectronics.com.

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SOURCE Infinite Electronics, Inc.

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CALIFORNIA SCIENCE CENTER UNVEILS SAMUEL OSCHIN AIR AND SPACE CENTER WITH 100 INTERACTIVE EXHIBITS AND RARE ARTIFACTS

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NEW ADDITION OPENS TO THE PUBLIC ON NOVEMBER 13, 2026 

New Images and Additional Materials are Here

LOS ANGELES, Oct. 28, 2026 /PRNewswire/ — The California Science Center’s highly anticipated Samuel Oschin Air and Space Center, the permanent home of Space Shuttle Endeavour, will open to the public on November 13, 2026. The Samuel Oschin Air and Space Center is the only place in the world to see a complete, authentic space shuttle system, with a flown orbiter, solid rocket boosters, and external tank, displayed in a 20-story-tall launch configuration. This transformative 200,000-square-foot expansion of the California Science Center nearly doubles its existing exhibit space, showcasing a diverse collection of 100 artifacts, including rare and historic aerospace objects, as well as 100 new hands-on exhibits, featuring interactive and immersive experiences focused on science and engineering.

Guests of all ages will investigate the scientific and engineering principles of atmospheric flight and the exploration of the universe in the Air and Space Center’s three multi-level galleries – the Samuel Oschin Shuttle Gallery, the Korean Air Aviation Gallery, and the Kent Kresa Space Gallery. The Samuel Oschin Air and Space Center is the third and final major phase of the California Science Center’s three-phase, three-decade master plan to develop one of the world’s leading science learning centers.

The Samuel Oschin Shuttle Gallery serves as the star attraction of the Samuel Oschin Air and Space Center. Housing Space Shuttle Endeavour in awe-inspiring launch position, the gallery towers nearly 200 feet high and its exhibits detail how the world’s first reusable spacecraft advanced our ability to live and work in low Earth orbit, while laying the groundwork for increasingly ambitious missions into deep space. In addition to preserving a critical chapter in space exploration, the gallery also offers an unparalleled educational experience, allowing guests to view this national treasure and engineering marvel from multiple perspectives and elevations. Additional exhibits in the gallery highlight the shuttle’s thermal protection system; its airlock; all 135 space shuttle missions; and tributes to the crews who lost their lives during the Space Shuttle Program.

“The opening of the Samuel Oschin Air and Space Center is the fulfillment of a decades-long dream to create one of the world’s leading science centers,” said Jeffrey Rudolph, President and CEO of the California Science Center. “With its display of Endeavour in launch position, the Samuel Oschin Air and Space Center will give us a greater platform than ever before to accomplish our mission, to stimulate curiosity and inspire science learning in everyone. This unparalleled educational experience will stand as an enduring source of inspiration for generations of scientists, engineers and explorers.”

Lynda Oschin, Chairperson of the Mr. and Mrs. Samuel Oschin Family Foundation, said: “The Samuel Oschin Air and Space Center, and Space Shuttle Endeavour’s one-of-a-kind vertical display, is even better than I dreamed. Endeavour exemplifies so many of the passions of my husband – especially astronomy, math, science, exploration, and helping children to achieve their dreams. Years ago, I recognized the extraordinary potential of this project to inspire curiosity, encourage lifelong learning, and open new worlds of possibility for young people. It is thrilling to be just weeks away from welcoming millions of young people to the Samuel Oschin Air and Space Center, named to honor the tremendous legacy and the memory of my husband, a gentleman and a gentle man.”

Interactive Experiences, Exhibits, and Artifacts on View

The Samuel Oschin Shuttle Gallery invites guests to engage with interactive experiences, including:

Launch Tower, a 140-foot ascent aboard an elevator up the shuttle stack leading to a dramatic, glass floor observation platform hovering over the nose of Space Shuttle Endeavour, with out-of-this-world views.Shuttle Descent Slide, which drops 45 feet in elevation to represent the shuttle’s descent from orbit. Guests will see bright orange light representing the plasma that glows as a shuttle enters the atmosphere and hear a double boom that evokes the sound of the nose and tail as each breaks the sound barrier on return to earth.The opportunity to sit inside a replica flight deck and interact with joysticks, switches, lights, buttons and pedals like those that the shuttle commander and pilot would operate.The Orbiter Landing Simulator, which will test the piloting ability of guests as they try to land Endeavour on a runway.

In the Korean Air Aviation Gallery guests will view more than a dozen authentic aircraft, from gliders to fighter jets, including the Hawker Siddeley Harrier T.4., Grumman F11F Tiger, and a Pitts Special S-1C, among others. Visitors can also access the forward 70 feet of a Korean Air–operated Boeing 747 commercial airliner and experience a “flight” from LA to Seoul compressed into a five-minute video journey in an onboard theater presentation.

Other hands-on experiences for guests will include:

A Wing Shape and Distance interactive, where guests will launch aircraft models with different wing shapes to see how far they fly at different speeds.The Launch a Drone Mission interactive. Visitors can launch simultaneous drone missions over a Los Angeles cityscape to learn about everyday applications of autonomous flight.Wear-a-Wing invites guests to put on a pair of foam wings and viscerally experience lift.Air Race flight simulators put guests in the pilot’s seat of iconic aircraft from the Science Center’s collection. Guests will be able to choose between the Pitts Special, JN-4 Jenny, and Velie Monocoupe and race for a spot on the leaderboard. Each I360 flight simulator seats 2 guests, has intuitive single-joystick controls, and features full 360-degree rotation.

Among the many exhibits in the Kent Kresa Space Gallery are machines built to explore space, from rockets and robots to space capsules and telescopes, including flown spacecraft like the Mercury-Redstone 2 capsule, Gemini 11 capsule, and Apollo-Soyuz Command Module, among others. Guests also have the opportunity to walk through a section of a real solid rocket booster.

Guests can also:

Program a Rover and test their skills as a Mars rover driver.Lay on their stomachs and pull themselves through the International Space Station in the ISS Fly-Through Simulator, an immersive experience using real footage taken by an astronaut.Suit up in a digital space suit.

Opening Weekend

The Samuel Oschin Air and Space Center will open to the public at 10:00 a.m. on Friday, November 13, 2026, after a celebratory program and ribbon-cutting featuring approximately 30 astronauts, including all six crew members from Endeavour’s final mission, STS-134, commanded by now U.S. Senator, Mark Kelly. The grand opening will celebrate the culmination of a landmark project and welcome the public, led by hundreds of school children as the first to experience Endeavour in its historic launch configuration for the first time.

To continue the celebration, from Friday, November 13, 2026, at 11:00 a.m., through Sunday, November 15, astronaut and space-related talks will be hosted every half hour through 5:00 p.m. With topics ranging from “women in space” to specific mission overviews, astronauts and experts from NASA Jet Propulsion Laboratory (JPL) and NASA Armstrong Flight Research Center will gather to speak to crowds and answer questions, with no timed reservations required.

November 13, 2026, will also see the premiere of “Endeavour’s Long Journey,” a photo exhibit documenting Space Shuttle Endeavour’s final flight over California, 12-mile, 68-hour journey through the streets of Los Angeles and Inglewood to the Science Center, and the complex, six-month, multi-phase process of stacking each of the space shuttle components in vertical configuration.

Accompanying IMAX movies opening November 13, 2026, include The Dream Is Alive, an unprecedented window on board the space shuttle and an inside look on the astronauts rigorous training; Journey to Space 3D, revisiting three decades of shuttle-era achievements, culminating in Endeavour’s journey to the California Science Center; Hubble 3D, the story of the Hubble Space Telescope; and A Beautiful Planet 3D, a portrait of the Earth from space.

Timed Reservations

General admission to the California Science Center, including the Samuel Oschin Air and Space Center, is free. Due to anticipated high demand, there will be timed reservations for entry to the Samuel Oschin Air and Space Center, which can be made in advance for a small $4 service fee. For more information and to make reservations, visit CaliforniaScienceCenter.org. Entry may be limited or unavailable without advance reservations.

Project Team

The Samuel Oschin Air and Space Center was designed by ZGF, with engineering by Arup, construction by MATT Construction, and exhibition design by Evidence Design. Additional project partners include Plas-Tal Manufacturing, responsible for structural steel, and BrandSafway, which provided scaffolding and shuttle protection. The project was developed under the leadership of the California Science Center, with Dennis R. Jenkins serving as Project Director.

Donors

This incredible educational and civic accomplishment has been enabled by the tremendous support of lead donors, the Mr. and Mrs. Samuel Oschin Family Foundation and the State of California; principal donors Korean Air and the Kresa Family Foundation; as well as The Ahmanson Foundation, Thomas and Dorothy Leavey Foundation, W. M. Keck Foundation, The Chuck Lorre Family Foundation, Melanie and Richard Lundquist, The Otis Booth Foundation, Weingart Foundation, and Ibrahim El-Hefni Technical Training Foundation. The California Science Center Foundation is grateful for their substantial investments, which together with the support of over 1,100 donors, total more than $415 million raised toward the $450 million project budget.

About the California Science Center

The California Science Center is a dynamic destination where families, adults, and children can explore the wonders of science through hands-on exhibits, live demonstrations, innovative programs, and awe-inspiring large-format movies. The California Science Center and IMAX Theater are located in historic Exposition Park just west of the Harbor (110) Freeway at 700 Exposition Park Drive, Los Angeles. Open daily from 10:00 a.m. to 5:00 p.m. General admission to the Science Center is FREE. The California Science Center is proud to be accredited by the Association of Zoos and Aquariums (AZA) and the American Alliance of Museums (AAM). Visit https://californiasciencecenter.org for more information.

About the EndeavourLA Campaign

A project of this scope and scale requires the visionary leadership of the philanthropic community and the support of the broader public. EndeavourLA is the California Science Center Foundation’s fundraising campaign that enabled the acquisition and previous temporary display of space shuttle Endeavour and supports our work to create the Samuel Oschin Air and Space Center and sustain ongoing exhibits, programs, and operations. The project’s lead donors are the Mr. and Mrs. Samuel Oschin Family Foundation and the State of California, joined by principal donors Korean Air and the Kresa Family Foundation, along with numerous individuals, foundations, and corporate supporters. 

The California Science Center Foundation is actively fundraising to complete this ambitious campaign, with more than $415 million raised toward the $450 million goal. Everyone can help realize the exciting vision of the Samuel Oschin Air and Space Center, and donations at any level are welcome. To contribute or learn more, go to EndeavourLA.org.

Media Contacts

Kristina Kurasz Cutting | Director of Communications | California Science Center

kkurasz@californiasciencecenter.org | 213-744-7446

Sophie Jefferies | Communications Manager | California Science Center

sjefferies@californiasciencecenter.org | 213-744-7491

Maura Klosterman-Vu | Polskin Arts

maura.klosterman@finnpartners.com | 310-552-4117

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SOURCE California Science Center Foundation

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Pave and Levels.fyi Announce Strategic Alliance, Bringing Levels.fyi Data Into Pave Agent and Market Pricing

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Compensation decisions draw on more data than ever, and that data is scattered across surveys, spreadsheets, and tools. Pave has built the place where it all comes together: one platform, powered by real-time intelligence and open to every source compensation teams trust. Today’s strategic alliance with Levels.fyi is the latest step in that effort.

SAN FRANCISCO, Oct. 28, 2026 /PRNewswire/ — Pave, the Agentic Compensation Management platform, today announced a strategic alliance with Levels.fyi, a compensation data platform that shows what work pays by company, level, location, and skill.

The alliance builds on Pave’s partnerships with The Croner Company, Korn Ferry, WTW, and others and reflects a continuing commitment: making it easier for customers to bring the critical data behind their pay decisions into one place. Pave will continue to expand the network of data partners available on the platform, so that compensation teams don’t have to stitch together sources by hand or choose between the ones they trust.

Through this strategic alliance, Pave customers can now access Levels.fyi data inside Pave Agent as well as Pave’s Market Pricing tool to compare pay for a role across sources, benchmark against real-time Market Data, and price jobs and build competitive pay ranges. Customers can analyze Levels.fyi data alongside their own compensation data and any other data sources they choose to use. Pave Agent can use Levels.fyi data as a reference input to deliver compensation intelligence, so teams can ask a question in plain language and see the answer across Levels.fyi, their other sources, and real-time intelligence from 9,000-plus companies in Pave’s dataset.

Levels.fyi adds a distinct lens on the market. Its data is contributed directly by the people earning it and backed by proof documents such as offer letters, W-2s, and pay stubs. Alongside survey and real-time views, it shows compensation teams what talent is actually earning.

With Levels.fyi data in Pave, mutual clients can:

Ask Pave Agent to compare pay for a role across Levels.fyi, WTW, Korn Ferry, Croner, and Pave’s real-time Market Data, all within one platformSee self-reported Levels.fyi data next to survey and real-time benchmarks to understand where the market views agree and where they divergeAnalyze Levels.fyi data alongside their own compensation data to see where their pay standsGive every analyst on the comp team, not just the person who manages the survey license, direct access to Levels.fyi data in their daily workflow

“Compensation decisions are only as good as the data behind them, and no single source tells the whole story,” said Matt Schulman, CEO of Pave. “Our goal is for Pave to be the central source for the data compensation teams use to make decisions, with real-time intelligence from 9,000-plus companies as the foundation and every source a client trusts available alongside it. Croner, Korn Ferry, WTW, and now Levels.fyi are steps in that effort, and we will keep adding more. Clients shouldn’t have to choose between the data sources they trust. They should have them all in one place.”

“Effective compensation benchmarking starts with a simple question, ‘How do we compare with the companies we actually compete against?'” said Zuhayeer Musa, co-founder of Levels.fyi. “Our data gives customers a current, company-level view of the market, backed by real proof such as offer letters and pay stubs. Bringing that perspective into Pave means teams can build the peer groups that matter to them, focus on a single competitor, and combine Levels.fyi’s rich intelligence with the rest of their stack. Pave has set the standard for connected compensation, and we’re excited to keep helping our mutual customers make faster, more confident pay decisions.”

Levels.fyi data is now available to mutual customers through Pave Agent and Pave’s Market Pricing tool. Existing customers can contact their account teams for access and availability details.

About Pave

Pave is the Agentic Compensation Management platform, powered by real-time compensation intelligence from 9,000-plus companies and a growing network of data partners. Beyond Market Pricing, Pave’s platform spans Market Data benchmarking, Compensation Planning, Total Rewards, Team View, Visual Offer Letters, and Pave Agent, giving compensation teams one connected system to price roles, plan cycles, and communicate pay across the business. To learn more, visit www.pave.com.

About Levels.fyi

Levels.fyi is a compensation data platform that shows what work pays by company, level, location, and skill, and offers a different perspective of the market. Its data is contributed directly by the people earning it, backed by proof documents like offer letters, W-2s, and pay stubs. Levels.fyi reports 1M+ compensation data points, 2,100+ companies with fresh data, and 8,500+ company job ladders mapped, and says more than 3M professionals use the platform every month. To learn more, visit www.levels.fyi.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pave-and-levelsfyi-announce-strategic-alliance-bringing-levelsfyi-data-into-pave-agent-and-market-pricing-302922761.html

SOURCE Pave

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