500-999 employees

Dodging the Overdraft Bullet (So Far)

The economic shutdown and mandatory lockdowns forced many people to limit discretionary spending on retail, food, and entertainment, while stimulus checks and increased unemployment benefits improved financial health in the short term. This aided in a slow down of overdraft.

Strengthening the Student Safety Net During COVID-19

Even before the pandemic, the lives of financially struggling students were overwhelmingly complex. For financially vulnerable students, a disruption this large can have devastating long-term impacts, including failure to re-enroll once the pandemic ends.

Retirement Readiness: A Generational Perspective

By Steve Arves, Manager, Financial Health Network The economic fallout from the COVID-19 pandemic has taken an exacting toll on many people’s retirement savings. Over the last month, the stock market took its largest dip in years, wiping out trillions of dollars in savings overnight. While it’s too soon to say whether these losses will…

Not Working: Coronavirus Exposes a Broken System That Fails Workers

By Beth Brockland Senior Director, Financial Health Network March 26, 2020 Reading about the coronavirus pandemic feels a little bit like watching the world unravel before our very eyes. Every day brings new stock market lows and emergency measures. At the same time, people all over the country are demonstrating remarkable acts of humanity, practicing…

Financial Health Pulse

Trends in Financial Health: A Look Back on 2019

By Thea Garon, Director, Financial Health Network A few weeks ago, the Financial Health Network released new data from the U.S. Financial Health Pulse, a groundbreaking study designed to provide ongoing snapshots of financial health in America. Launched last year, the study draws upon consumer surveys and transactional data to assess how people are spending,…

Financial Health Pulse

Challenges Threaten the Financial Health of Low- to Moderate-Income 50+ and Require Innovative Solutions

By Andrew Dunn, Senior Associate, Financial Health Network For years, financial planners described the financial lives of individuals over 50 as following a predictable life cycle. The “traditional” path typically included diligently saving in an employer-provided retirement account, paying off a mortgage, then fully retiring while reducing expenses in order to live comfortably. However, this…

Consumer Data Sharing Principles: A Brief on the Framework for Industry-Wide Collaboration

Over the last two decades, the emergence of new intermediaries that aggregate data from numerous sources has enabled financial services providers of all kinds to provide consumers with a more complete view of their financial lives. – See more at: http://cfsinnovation.org/research/consumer-data-sharing-principles-a-brief-on-the-framework-for-industry-wide-collaboration/#sthash.oYX1cTQi.dpuf

“LIFT-UP” by National League of Cities

LIFT-UP (Local Interventions for Financial Empowerment through Utility Payments) is a multi-city initiative overseen by the National League of Cities’ (NLC) Institute for Youth, Education, and Families designed to provide financial counseling to delinquent utility customers