The Role of Community Networks for Emergency Savings Success
Join us at this ESI-sponsored Short-Term Savings Small Group meeting to learn more about the direct and indirect role that these support networks can play in emergency savings.
Member Town Hall
Watch the 2021 Member-exclusive Town Hall on demand, featuring insights from fellow Members demonstrating how focusing on financial health can unlock powerful impacts for customers, employees, and communities.
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.
Member Directory
The U.S. Financial Health Pulse: A Roadmap for Recovery
As vaccines roll out across the country, the Biden administration is considering bold policies to help struggling households, businesses, and communities recover from the health and economic impacts of the COVID-19 pandemic. For these efforts to be successful, the new administration – along with businesses, employers, and other stakeholders –…
Good Jobs Matter: Investing in Worker Financial Health
In this final installment of the "Good Jobs Matter" blog series, we use the Financial Health Network’s eight financial health indicators to explore additional ways that employers can improve the financial health of their workers.
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.
Will Financial Health Be the Next Transformation in Banking?
Today, many digital-only banking startups are focused on offering financial health-centric services. A shift toward advancing consumer financial health would be a positive for everyone.
U.S. Financial Health Pulse: 2020 Trends Report
Discover key findings from the 2020 U.S. Financial Health Pulse regarding Americans' financial health, including profound disparities across race and ethnicity.
Eviction Prevention: Tips for Effective Resident Engagement
Provided by NeighborWorks America, this research examines the most common reasons for loss of rental housing and identifies which resources vulnerable renters need to achieve housing stability.
Educating the Next Generation: Using KPIs to Assess the Impact of Student Financial Education Programs
The Financial Health Network partnered with Michigan State University Credit Union (MSUFCU) to analyze its financial education programming for high school and college students, revealing some signs of positive impact on business outcomes and the students’ financial health.
Member-Exclusive Webinar: Financial Health and COVID-19: New Insights from the U.S. Financial Health Pulse
This Member-exclusive webinar examined new data from the 2020 U.S. Financial Health Pulse and highlighted how Members are helping their customers, employees, and communities weather the crisis.
How Insurance Must Evolve to Serve Customers in Crisis
By Sarah Parker, Senior Director, Financial Health Network In the midst of the economic crisis brought on by the COVID-19 pandemic, consumers are realizing that insurance is not a nice-to-have; it’s a must-have. Life insurance carriers report a marked increase in interest from new customers who want to purchase policies, as people recognize the importance…
Speaking Out About Racial Discrimination: A Letter To Our Staff
This blog by Jennifer Tescher was shared with the Financial Health Network staff in the wake of the murder of George Floyd at the hands of police and the protests and civil unrest that have followed: Putting emotions into words is hard right now.
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.
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…
Youth Finances in the U.S.: Stories of Adversity and Hope
Provided by Principal Foundation, this research reveals findings about the financial struggles of people ages 15-36 living in the United States, with a focus on low- to moderate-income individuals.
Optimizing Insurance and Financial Health
By Hannah Gdalman, Stevenson Fellow, Financial Health Network The recent open enrollment season means that for many of us, insurance is still top of mind. Other key moments such as the start of a new year, tax season, a new job, or family additions also provide a chance to reflect on insurance throughout the year….
The Need is There: Secured Credit Cards as a Credit-Building Tool
By Laura Cummings, Director, Financial Health Network Amazon’s new Credit Builder secured card has ignited debate and dialogue about access to credit and the role secured cards can play in helping or harming consumers. We often hear about the millions of Americans who are deep in credit card debt, which points to the downside of…
2018 Financial Health Leaders Spotlight: LendUp
Listen in as we hear Anu Shultes, newly named CEO of LendUp, share about her personal journey and what changes she’s planning at LendUp in 2019 based on learnings from measuring its customers’ financial health.
Webinar: Understanding Your Financially Coping and Vulnerable Customers
During this member-exclusive webinar, authors of the U.S. Financial Health Pulse 2018 Baseline Survey explored findings from this groundbreaking research initiative. The second in a three-part series, this conversation shared a deep dive on never-before-released Pulse data representing individuals who are financially Coping or Vulnerable.
Why Join the Financial Health Network’s Financial Health Leaders Program
Financial Retronovation #1: Earmarking Income
One important way to avoid running out of money at the ends of the month is to set aside or “earmark” money as it comes in for bills you know you’ll need to pay.
FinLab Snapshot 2018
To address the broad range of financial challenges facing consumers, the Financial Solutions Lab’s fourth annual Challenge focused on diversity in innovations and teams to promote new financial health solutions for diverse populations. The 2018 Snapshot Report offers insights on emerging trends in the fintech ecosystem and this year's applicant pool.
Comment Letter on Credit Scoring
The Center for Financial Services Innovation (CFSI) shares its perspective on how the Federal Housing Finance Agency (FHFA) can ensure that the Enterprises’ standards and processes can benefit consumers' financial health.
2018 Financial Health Leaders Spotlight: Moven
Listen in as we hear Moven share how it’s measuring the financial health of both their employees and the users of their app and what they are learning along the way.
Life Insurance Insurance Spotlight
This brief takes a closer look at the life insurance coverage, acquisition channels, and knowledge of American consumers, with a particular focus on LMI consumers.
Addressing the Financial Health Needs of Small Business Owners
Read this report to discover the four financial health needs that are especially relevant for small business owners and learn which innovators are working to support entrepreneurs’ financial health.
2018 Financial Health Leaders Spotlight: Opportunity Fund
Listen in as we hear Opportunity Fund, share findings from a recent impact study and what it hopes to add to that by piloting the Financial Health Network’s Small Business Financial Health Study.
Making the Business Case for Financial Health
A business strategy oriented around consumer financial health offers banks, credit unions, lenders, and other providers an avenue for growth, organizational resilience, and profitability.
Finding The Right Measurement Tools
To create a more detailed understanding of the health of its customers, Credit Human partnered with the Financial Health Network to build better measurement tools.
A Unique Short-Term Cash Flow Solution
Learn how Neighborhood Trust’s web-based application, WageGoal, integrates with employer payroll systems to help workers manage volatile cash flow.
Member Exclusive: NGO and Non-profit Scan
2016 Financially Underserved Market Size Study
The Financial Health Network and Core Innovation Capital present this 6th annual market analysis to illustrate the size of the opportunity to address the needs of financially underserved consumers and identify significant trends driving marketplace evolution and growth.
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
Dispatch from D.C. — September 2016 Executive Summary
The Financial Health Network Comment Letter on Mobile Financial Services Strategies
The Financial Health Network is submitting this letter in response to the request for comments on “Mobile Financial Services Strategies,” issued by the Federal Deposit Insurance Corporation (FDIC) and published on May 3, 2016.
The Financial Health Network Comment Letter on OCC Responsible Innovation Whitepaper
The Financial Health Network recognizes the important role that access to high-quality financial products plays in helping consumers improve and maintain their financial health.
Executive Summary: Eight Ways to Measure Financial Health
The Financial Health Network has developed eight indicators to measure financial health. We believe that these indicators establish a framework for shifting the financial services industry towards a focus on financial health, a focus on improving consumers’ lives.
Dispatch from D.C. — March 2016 — Full Report
2016 Prepaid Industry Scorecard
With millions depending on prepaid cards to help manage their financial lives and forthcoming CFPB regulations, it is important to gauge the quality of products in the marketplace and to encourage prepaid card issuers to develop offerings that actively improve consumers’ financial health.
Financial Solutions Lab – Helping Americans Weather Financial Shocks
The 2016 Challenge topic of the Financial Solutions Lab is Helping Americans Weather Financial Shocks. This issue brief introduces the topic, the reasons it is an important problem to solve, and some innovative approaches to doing so.
Designing for Financial Health: Stories and profiles from the Financial Capability Innovation Funds
We can educate consumers and provide access to financial products and services. But how do we help consumers use their knowledge and tools to improve their financial behavior and become financially healthy?
“CollegeSet” Facebook app by Juma Ventures
Juma Ventures is a San Francisco-based youth development organization dedicated to helping low- income high school students save for and complete a four-year college degree.