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 […]

Over two-thirds of Americans are financially unhealthy, with millions facing “extreme financial hardship,” according to the U.S. Financial Health Pulse Trends Report, released today. And as the stock market continues to strengthen, the average American is still struggling, with unemployment rates still far above pre-pandemic highs and another round of coronavirus stimulus seemingly far off.   Read the Article >>

Banking services have long been offered national post offices in other countries, making basic account, savings and payment services widely available to populations who might not otherwise have access to them. Read the Article >>

The Financial Health Network shares the grief and anger of Americans everywhere as we struggle to process the recent and senseless deaths of black people as well as the ensuing public demands for accountability. We unequivocally condemn any and all forms of racism and discrimination, and we recognize the pain and trauma being inflicted on […]

“Once again, the greatest burdens will be shouldered by the most vulnerable among us, when instead we should be doing everything to give them a leg up,” Jennifer Tescher, president and CEO of Financial Health Network, a non-profit authority on consumer financial health, said in a note. Read the Article >>

According to The Financial Health Network, only one-third of Americans went into the COVID-19 crisis financially healthy. Their paper, “A Country Without a Cushion” (PDF), probes six factors producing this situation: insufficient insurance, income loss, inadequate workplace safeguards, constrained household finances, digital divide and disparate impacts.   Read the Article >>

“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 >>

Many Americans remain in precarious financial shape even as the economy continues to grow, with 7 of 10 saying they struggling with at least one aspect of financial stability, such as paying bills or saving money. Read the Article >>

“The idea that we need to teach people to be more financially healthy suggests that they don’t know enough, aren’t trying hard enough and it’s all their fault.” Read Jennifer Tescher’s article in American Banker in which she describes the problem with Financial Literacy Month and gives examples of companies going beyond financial education to […]

Sixty percent of households in America have experienced a financial shock in the past 12 months, according to Pew research. Close to 800,000 federal government employees were affected by the Dec 2018 – Jan 2019 government shutdown, forcing them to go without a paycheck for 35 days and giving this statistic a face. In her inaugural […]

Winners use technology to offer underserved workers targeted workplace financial wellness solutions January 15, 2019 09:00 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–The Financial Health Network, along with founding partner JPMorgan Chase & Co., today announced the fifth cohort of Financial Solutions Lab winners, focused on improving financial health at the workplace for underserved workers. The […]