How Data Can Drive FinHealth Action
Join us as we discuss the importance of developing equitable measures that encompass all areas of household resilience and prosperity, and how this data could better the economic landscape.
Innovation
Innovation is at the heart of all we do at the Financial Health Network. We are committed to finding new and innovative ways to improve the financial health of all Americans and the communities where they live.
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.
Knowing Better, Doing Better: HR Executives’ Perspectives on Employee Financial Health
Learn insights gathered through a recent survey of HR decision-makers on their awareness of and investments in employee financial health.
Credit Union Technology Watch: 5G Networks
Emerging 5G technology is expected to become commonplace. Uncover opportunities to leverage 5G to benefit your organization and your members.
EMERGE Backstage: Bankers as a Social Engine for Good
Hear from Sunrise Banks Chairman and CEO David Reiling as he discusses the Twin Cities-based bank’s efforts to support the urgent needs of its customers during a poignant last few months.
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.
The Complexities of Caregiving: Financial Health and the Aging Crisis
Research overwhelmingly shows that health shocks can have dramatic and long-term implications for financial health. This is especially true for the elderly. Among all the statistics, it is clear that there will be more elderly people dependent on fewer younger people with an ever-increasing list of challenges, making financial health for all less attainable.
The Financial Lives of Older Adults in the Era of COVID-19
By Jacquelyn Reineke, Manager and Heidi Johnson, Director, Financial Health Network There is no denying that the COVID-19 crisis has turned the world upside down. Everyone has had to deal with daily changes to their routines and come to terms with a new normal, but vulnerable populations — in particular, aging Americans — have faced the most devastating consequences…
Member Summit: Fostering Financial Health Through Behavioral Change
Hear from Matt Wallaert, author of Start at the End: How to Build Products that Create Change, as he explains how your organization can help promote financial health through behavioral change.
Introducing Connect2Capital: A New Community of Mission-Driven Small Business Lenders
Provided by CRF USA, this research introduces the Connect2Capital community, designed to level the playing field for small business owners seeking capital from a responsible lender.
2019 Financially Underserved Market Size Study
Discover opportunities to develop innovative, high-quality solutions to improve financial health for financially underserved consumers in the United States.
Give Consumers Control of Their Financial Data
This research has been provided by Plaid.
Building Your Business Case for Financial Health: Providing Guidance and Support to Increase Customer Well-Being
How can financial health help build your business? For financial services providers considering new programs, tools, or products to improve customer financial health, this report offers a framework for evaluating the business case to implement them.
A Guide to Measuring Small Business Financial Health
In this guide, we include nine indicators of small business financial health with two measurement methods (survey data or observed data), as well as corresponding survey questions and suggested data points.
Advances in Financial Health Measurement: Insights from the 2018 Financial Health Leaders Program
In 2018, 34 Financial Health Leaders measured the financial health of over 10 million consumers. This report shares case studies and best practices for using transactional data to measure financial health and for sharing consumer-facing financial health scores to empower customers and drive engagement.
Driving College Success
Higher education can provide remarkable access and opportunity to Americans, but financial challenges often prevent students from reaching their full academic potential. Read about how educational institutions can help more students achieve academic success and financial health.
2018 Financial Health Leaders Spotlight: Simple
Listen in as we hear Simple share what it discovered after measuring its customers’ financial health and how that’s propelling Simple forward in 2019.
Auto Insurance Spotlight
This brief takes a closer look at the auto insurance coverage, acquisition channels, knowledge, and claims experience of American consumers, with a particular focus on LMI consumers.
2018 Financial Health Leaders Spotlight: FinFit
Listen in as we hear FinFit share how they think about the business case for financial health for employers and the impact they are seeing from the new FinFit IQ trivia game.
Member Summit 2018 Speakers
Member Summit 2018 was October 4-5, 2018 in Chicago, IL.
Case Study: Meeting the Needs of Underserved Consumers: Designing a Financial Package
The Financial Health Network Consulting Services worked with Prepare + Prosper to take their FAIR (Financial Access in Reach) initiative from a concept to an effective pilot.
Best Practices in Financial Health Measurement
During this Financial Health Network webinar, a group of innovative financial service providers shares about best practices in financial health measurement.
Financial Solutions Lab Impact Report
The Financial Solutions Lab Impact Report outlines how the Lab’s model has performed in positively impacting companies, the market, and ultimately, consumers’ financial health.
Financial Health and Community College Students
Understanding the three prominent financial health challenges that community college students face and how those students can improve their financial health through choosing and using quality products and services.
Compass Principles: Transaction Product Examples
This one-pager gives examples of applying the Compass Principles to transaction products.
Financial Solutions Lab Snapshot: Innovations in Helping Consumers Weather Financial Shocks
Over the last year, more than 100 million American households experienced a financial shock. This year the Financial Solutions Lab’s second $3 million challenge was seeking solutions that could help Americans to weather such shocks.
Dispatch from D.C. — September 2016 – Full Report
Profiles in Innovation – The Financial Solutions Lab
With the Financial Solutions Lab, the Financial Health Network and JPMorgan Chase are bringing innovators, industry players, researchers, and bank executives to the table to make technology part of the financial health equation.
Working Paper: Income Gains And Month-To-Month Income Volatility
A working paper from the U.S. Financial Diaries on income gains and month-to-month income volatility.
8 Approaches to Unlocking Customer Opportunities
Discover eight learnings that the Center for Financial Services Innovation (CFSI) has gathered while helping more than 100 financial institutions engage more meaningfully with their customers.
The Financial Strains on Small-Dollar Credit Users
Taking a deeper look at data collected for our Consumer Financial Health Study released in March 2015, this Network-exclusive report highlights the financial behaviors, challenges, product usage patterns and demographics of small-dollar credit users.
“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
Leveraging Innovation to Support the Financial Health of LMI Families with Children
Millions of Americans are raising children in households with poor family financial health and limited financial resources.
“Borrow Less Tomorrow” by Clarifi
Piggymojo built an online and mobile tool that uses goal visualization, social sharing and mobile technology to help savers turn impulse buys into “impulse saves.”
U.S. Financial Diaries: Savings Horizons
U.S. Financial Diaries: Savings plays a central role in conversations about American household finance. Surveys suggest that few American households save enough for retirement, nor are Americans adequately prepared for emergencies
U.S. Financial Diaries: Emergency Savings
Standard financial literacy curricula recommends that households should have at least three months of income set aside in emergency savings.
Mateo And Lucia Household Profile: Thriving But Still Vulnerable In The U.S.
U.S. Financial Diaries Case study: Mateo Valencia, 31, and Lucia Benitez, 30, are an unmarried couple living in Queens with their four year-old son Pablo.
2013 Financially Underserved Market Size
This report reveals that American consumers spent $103 billion in fees and interest revenue in 2013, generated from a volume of $1.3 trillion in financial activity.
Pursuing Quality Innovation in the Prepaid Card Industry
Read case studies and discover recommendations for using prepaid cards to promote financial health by helping consumers spend, save, and manage their money.
Investment Activity in Fintech for the Financially Underserved
This report examines the significant volume of recent investment activity in the FinTech market for financially underserved consumers. This consumer finance segment is a dynamic and growing space.
Improving Consumer Outcomes Through Better Disclosure for Prepaid Cards
Increasingly, underserved Americans are turning to prepaid cards to meet their basic financial services needs.
The Future of Financial Services
The financial crisis and economic downturn have reshaped the financial services landscape.
Making the Shift from Financial Education to Financial Capability
The need for new ideas to improve Americans’ financial capability has been evident throughout the recent recession.
How Should We Serve the Short-Term Credit Needs of Low-Income Consumers?
Almost one-third of the 30 million U.S. households who are unbanked or underbanked borrow to pay for small-dollar, short-term needs.
The Impact of Innovation – MACED Learning Brief
There are few affordable short-term, small-dollar credit products in the marketplace that meet borrowers’ immediate needs and that help put them on a path toward financial prosperity.
The Impact of Innovation – the Financial Health Network Learning Brief Overview
An estimated 30 to 40 million American households are financially underserved. They lack access to the financial products and services that enable them to save, build assets, and achieve financial prosperity.
Fully Reporting Nonfinancial Payment Data – PERC Research
Learn how customers, borrowers, and firms feel about the perceived and actual costs and benefits of full-file credit reporting by nonfinancial service providers, such as utilities.