For ‘unbanked’ Americans, pandemic stimulus checks arrived slowly and with higher fees. But that could change.
When Renee Whittick opened a checking account last year, the smallest financial tasks became easier.
Assessing Customer Financial Health Goes Beyond Product Offerings
Your current and future customers are seeking your help to improve their financial health. How will your support and guidance lead them to success?
Research
One Year into the Pandemic, Millions of Americans Still Struggling
Since the last Pulse survey in August 2020, more people are struggling to afford healthcare, which may lead to long-term health consequences beyond those created directly by COVID-19.
Fintech Innovation Leader Joins the Financial Health Network
Hannah brings a passion for financial health and knowledge of startups, nonprofits, financial services, and the fintech ecosystem at large. She will be responsible for the strategic direction of our Innovation practice, including the Financial Solutions Lab.
Financial Health Solutions: Increasing Savings with a Choice at Onboarding
How can employers encourage workers to build their savings? Even, an employer-based earned-wage access platform, partnered with the Financial Health Leaders Lab to test the impact of presenting savings as an active choice during onboarding to its app.
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.
Building Valuable Customer Relationships Through Financial Health
While the vast majority of customers expect their primary financial institutions (PFIs) to help improve their financial health, few believe their PFIs are actually doing it.
Small Dollar Credit and Financial Health: A Policy Perspective
The Financial Health Network wrote this Policy Perspective that draws on our past small-dollar credit work to inform the conversation around recent regulatory actions.
Insurance: The Critical Missing Piece in Financial Well-Being
Provided by Franklin Madison, this research shows that obtaining life insurance can be key to achieving a healthy financial picture and to achieving lasting financial peace of mind.
Fintech for All: Closing the Generation Gap in a COVID-19 World
For older generations, who face the greatest health risks from COVID-19, the need to shift their financial management systems online is critical, but several key barriers deter older adults from adopting fintech products and services.
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.