The Ends of The Month: A Blog Series
Over the course of a generation, electronic payments including credit cards, debit cards and Apple Pay removed friction from our wallets, but disrupted old habits and practices many once used to manage finances. Loss of these analog tools, as much as wage stagnation or volatility, helps explain why so many households struggle at the end of the month
New Financial Health Pulse Data Shows Millions of Americans Still Financially Struggling Amid Ongoing Pandemic
Food insecurity and fear of eviction pervasive among those hardest hit financially by pandemic with many borrowing money or cutting back on healthcare visits and medication
Heidi Johnson Helps Older, Low-Income People Manage Their Money
So many research studies about Americans’ personal finances focus on affluent adults and their retirement savings. But Heidi Johnson, director of behavioral economics for the nonprofit Financial Health Network, has put a spotlight on the money challenges of low- and moderate-income people 50 and older. More specifically: how financial institutions and personal finance apps often […]
Pandemic influencing employer health benefit planning: Financial Health Network
The Financial Health Network, the nation’s authority on financial health, this week released the “Knowing Better, Doing Better: Building an Effective Financial Health Benefits Strategy” report in partnership with Morgan Stanley at Work, showing 86 per cent say they are aware of their employees’ financial health challenges, with 85 per cent of companies planning to maintain or increase […]
JP Morgan’s Financial Solutions Lab Launches Fintech Accelerator
The Financial Solutions Lab is on a mission to serve the underserved with the launch of its seventh fintech Accelerator Challenge. Read the Article >>
Fintechs Team Up With Banks to Help Students Mired in Debt
Student loan debt isn’t just a financial problem for consumers. It’s an emotional problem, too. Read the Article >>
Testimonial: CFPB Consumer Access to Financial Records Symposium
The Financial Health Network submitted this statement in response to the Consumer Financial Protection Bureau’s invitation to serve as a panelist at their Symposium on Consumer Access to Financial Records, Section 1033 of the Dodd-Frank Act.
Beyond The Top Ten: These Trends Should Shape The Future Of Fintech
If you’re reading this, it’s likely your inbox has been overflowing with predictions and prognostications about what we can expect in the decade ahead. It’s as if the future has already been written, with no opportunity for us to shape it. Read the Article >>
Middle-income Americans are increasingly ‘financially vulnerable,’ despite strong economy and low unemployment
Most Americans are struggling with at least some part of their finances, a new report shows, despite a strong economic indicators to the contrary. Just 29% of Americans — an estimated 73 million people — are “financially healthy,” according to a report released Thursday by the Financial Health Network. The share of financially healthy individuals increased […]
An Open Letter To Amazon: You, Too, Can be a Financial Health Company
“Just like your summer reading recommendations, you could offer financial tips for preparing for summer vacation expenses, getting ready for back to school needs in the fall, and tax-time tips in the winter.” Read Jennifer Tescher’s open letter to Amazon. Read the article >>
Press Release: The Center For Financial Services Innovation Announces 2018 Financial Health Leaders
THE CENTER FOR FINANCIAL SERVICES INNOVATION ANNOUNCES 2018 FINANCIAL HEALTH LEADERS Leading consumer financial health network recognizes organizations’ commitment to financial wellness CHICAGO, June 20, 2018 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on consumer financial health, recently announced its 2018 Financial Health Leaders. Financial Health Leaders are organizations within the Financial […]
What Trump doesn’t understand about the poor
By and large, Americans can find jobs today. But too often those jobs have wild swings in pay. A mechanic, for example, might earn $3,500 one month and then drop to around $1,000 the next, when customers don’t materialize. The working poor and, increasingly, the middle class are in a state of “persistent anxiety” about […]