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
How To Cope If The Covid-19 Pandemic Has Stretched Your Finances To The Limit
Americans say they’re saving money. Retail spending is up. Low interest rates have sparked the housing market and the stock market has rebounded from its initial pandemic dive. Read the Article >>
Dear Bankers: Don’t Return to Your Old, Shareholder-First Ways
Millions of Americans have already received their economic relief payment from the government, and millions more will be receiving it in the coming weeks, in an effort to stave off severe financial woes amid the coronavirus pandemic. Read the Article >>
Corona and Your Personal Finances: What You Need to Know
“The requirements of social distancing will impact the vast majority of workers, resulting in layoffs, furloughs and hour reductions,” Says Rob Levy, vice president of the Financial Health Network. Read the Article >>
Household Debt Reaches New High
Rachel Schneider, senior vice president at the Financial Health Network, studied 235 low and middle income families over one year as they handle their finances, with New York University Professor Jonathan Morduch. They found that families put a premium on stability — and that’s getting harder and harder to achieve. Schneider and Morduch documented their findings in a […]
Press Release: Financial Services Companies Pursuing Quality, Testing Innovative Small-Dollar Credit Products
New Research Highlights Consumer Preferences for Key Product Features Chicago, IL – (June 3, 2014) – Today, the Financial Health Network announced the creation of the Small-Dollar Credit Test & Learn Working Group. Five leading financial services providers—Regions Bank, LexisNexis Risk Solutions, Kinecta Federal Credit Union, Enova International and Emerge Financial Wellness—are piloting small-dollar credit […]