Financial Health Pulse 2023: Share of Financially Vulnerable Americans Grows to 17% of Population, Climbing to Pre-Pandemic Levels
Largest Pulse data collection finds growing financial health inequities based on race, ethnicity, and age.
New Research from Financial Health Network Shows 90% of Working-Age People with Disabilities are Not Financially Healthy
Report also finds that 93% of people with disabilities are unfamiliar with ABLE Accounts, the primary tool offered by the government for building and maintaining assets without losing public benefits
2023 FinHealth Spend Report Finds Fees and Interest on Non-Mortgage Financial Services Skyrocket 14% to $347 Billion
New research from Financial Health Network documents the real cost to Americans of rising interest rates and expanding post-pandemic credit balances
Discover Launches $36 million Fund Aimed to Improve Financial Health in Delaware
Discover Bank has launched a new mission-driven investment fund, the Discover Financial Health Improvement Fund, to support startups and early stage technology companies who are developing solutions to improve the financial health of low- and moderate-income people, communities, and small businesses. Discover Bank has made an initial capital commitment of $36 million.
Four Out of Five Americans Were Financially Unhealthy at Least Once Over Last Five Years
Novel five-year research uses proprietary Financial Health Pulse data, the nation’s benchmark measurement for finhealth, to provide a unique look at life events, income and other factors that most impact individual financial health over time.
Cryptocurrency Kicks Off 2023 With Decline in Ownership
A new Financial Health Network survey finds remaining owners appear to hold crypto as part of a larger investment strategy; holdings are now lowest among Black investors.
New Financial Health Data Shows Vast Disparities Across Race and Ethnicity in Chicago
Black Cook County residents are almost twice as likely to be Financially Vulnerable than their counterparts nationally; Latinx residents are nearly one and a half times as likely.
New Financial Health Pulse Data Shows Correlation Between Cost of Gas and Consumption and the Impact of Price Increases on Financially Unhealthy
Top-line finding shows that as gas prices increased in 2022, overall consumption decreased and that the financially unhealthy often made smaller, more frequent purchases to fill up their tanks.
2022 Financial Health Pulse: Financial Health Drops for First Time in Five Years of Measurement
New data shows erosion of financial health gains from pandemic, led by significant declines in middle- and upper-income earners, black people and women.
New Financial Health Data Finds that Despite a Majority of Workers in Low-wage Jobs Deemed Family Breadwinners, Only 13% are Considered Financially Healthy
New report offers first-ever glimpse into the financial health of workers in low-wage jobs revealing that many struggle with savings, insurance coverage, and paying for basic living expenses
New Financial Health Study Examines Deep Gender Gap in Financial Health with Men Nearly 50% More Likely to be Financially Healthy
Pandemic widened persistent financial health gap between men and women; Black and Latina women and low-income women fare the worst in new findings.
2022 FinHealth Spend Report Marks First-Ever Decline in Ten Year History of Tracking Fees and Interest Paid for Everyday Financial Services
Reduction attributed to student loan debt moratorium, pandemic-related decline in credit card debt and government stimulus funds allowing many to avoid high-cost lending; but underserved populations still pay greater proportion of fees and number of factors indicate likely rise in year ahead.