Struggling households shoulder greater burden of fees and interest, highlighting the need for innovative solutions that reduce economic pressures.

The Financial Health Network, the nation’s authority on financial health, in partnership with Prudential Financial, today released The FinHealth Spend Report 2021, the evolution of our annual market sizing report showing Financially Coping and Vulnerable households account for 84% of spending on fees and interest for financial services (for a total of $255B) despite representing less than two thirds of the population.

 

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