Credit Union Spotlight: Measuring to Improve Member Financial Health
These case studies highlight our measurement of transactional indicators with three credit unions, enabling them to drive positive impact for their members and their businesses.
Policy Perspective: Supporting Consumers in a Financial Health Crisis
Author: Dan Murphy One striking feature of the Covid-19 economic crisis is just how different it is from our most recent financial crisis. While the subprime mortgage crisis began with an immediate shock to financial markets, the economic crisis brought about by this pandemic began with an immediate shock to public health that quickly impacted…
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.
Start Here: A Step-by-Step Guide to Impact Evaluation
Understanding why you want to conduct impact evaluation is the first step in determining how you should do it.
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…
Fintech Over 50: Designing for Low- to Moderate-Income Older Adults
Despite their widespread use of technology, many adults 50 and older find it challenging to handle day-to-day financial needs online. However, shifting financial management systems online has become critical for older generations that face the greatest health risks from COVID-19. Through qualitative, human-centered research, the Financial Health Network uncovered barriers that inhibit older adults’ adoption of fintech, such as negative stereotypes about their tech savviness and concerns about losing granular control over their finances. This report offers recommendations for fintech customer experience design that financial services innovators can use to overcome these barriers and join older adults as partners on their journey toward financial health.
Wayne State University Case Study: Giving Students a Second Chance at Success Through Debt Forgiveness
Research from the Financial Health Network shows that removing financial barriers for students can help them succeed both financially and academically. Learn how Wayne State University is working to develop effective tools for student success through the “Warrior Way Back,” a unique debt forgiveness program.
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…
Are HSAs and IHRAs Good for Financial Health?
We used the Financial Health Network Compass Principles, a set of quality standards for products and services that support financial health, to assess HSAs and IHRAs.
Inside the Wallets of Working Americans: The 2nd Annual Salary Finance Report on Employee Financial Stress
Provided by Salary Finance, this research delves into the impact that financial stress has on American workers and how that stress affects their daily productivity in the workplace.
Announcing the Inaugural Partners: BlackRock’s Emergency Savings Initiative
The Financial Health Network joined forces with BlackRock and fellow nonprofit leaders Commonwealth and Common Cents Lab to address the savings challenge with a focus on finding corporate and organization partners that are committed to helping their employees, students, and communities change their savings behavior and thrive.
2019 Financial Health Leaders Spotlight Podcast: Kabbage
Our Financial Health Leaders program spotlights the Financial Health Network members who are at the forefront of financial health innovation. Listen in as we hear how Kabbage is using the Financial Health Network's recently released small business survey and the surprising learnings they have had so far.