Restoring Lost Tools, Reframing “Consumer Choice”
How do we open up our industry’s mindset and encourage banks to restore choice to consumers who want to retake control over their own financial behavior? I have two modest proposals for banks and credit unions to adopt the retronovations as part of their account offerings.
Supporting Financial Health for Millennials and Women in the Workplace
Millennials and women have unique financial needs. This report sheds light on the needs and preferences of these employees, helping employers develop targeted solutions that can set them apart in a competitive marketplace.
The Case for Employers to Invest in Employee Financial Health
Employees at mid- to large-sized companies struggle with many aspects of their financial lives, causing them stress and creating spillover effects on job productivity, according to a new survey of 1,000 employees. In this infographic, Financial Health Network reveals key survey findings and opportunities for employers.
#FinHealthMatters Day should be every day, for everyone
In recognition of #FinHealthMatters Day, we reflect on our efforts to advance the cause of financial health which include research and building partnerships with leading organizations and our network of Members.
Financial Health and Higher Education: The Power of Assessing Student Financial Health
There is increasing awareness among community colleges and universities regarding the link between student financial health and academic success. In 2018, working closely with a cohort of innovative colleges and universities, Financial Health Network developed a new, holistic framework for not only understanding, but also assessing and measuring student financial health.
Financial Retronovation #2: Resurrecting the check register…with an AI assist
Imagine going to your smart phone to view your checking balance and seeing two numbers instead of one. The first number is the traditional available balance. The second is an estimate –more often than not, a smaller number — that projects what your balance will be one, two or three days from now.
Comment Letter: Small-Dollar Lending
The Center for Financial Services Innovation responds to the FDIC’s Request for Information on Small-Dollar Lending based on our research into the consumer behaviors, products, and providers that comprise the market for small-dollar credit.
2019 Member Kit
Announce your membership publicly and internally using the Press Kit, learn about member-only research and events.
A Sharing of Ideas: How cross-country exchanges can foster innovation
Recently, Financial Health Network and MetLife Foundation hosted five social entrepreneurs from South Korea to exchange ideas and learnings with U.S. nonprofits, social enterprises, impact investors and financial health fintech companies. There were three main themes that made an impact on the South Korean social entrepreneurs.
Technology is Making Parking Tickets Obsolete. Are Overdrafts Next?
Frequent debit card use makes it difficult to keep a diligent check register that accounts for pending payments. Behaviorally informed personal finance apps and smart checking account features have already begun to remove some of the uncertainties posed by recurring cash management challenges, just as smart meters have taken much of the gambling out of parking.
3 Factors that Shape Financial Health in America
By Thea Garon Director, Financial Health Network Despite a surging stock market and record-low unemployment, millions of Americans are struggling financially. Nearly half of Americans (47%) say their spending equaled or exceeded their income in the last year. One in three people (30%) say they have more debt than is manageable. More than a third…
U.S. Financial Health Pulse: 2018 Baseline Survey Results
In this initial study, the Financial Health Network reveals how we’re faring financially and the trends shaping our financial health.