Despite the fact that more than half of U.S. households struggle with their financial health, fintech founders and those who invest in them reflect a homogenous world. While specific numbers for diversity in fintech are difficult to nail down, we know that all-women teams of entrepreneurs received just 2 percent of all investment by venture […]

In November, we released the inaugural 2018 Baseline Report which established a baseline to track changes in financial health over time. In 2019, we plan to build upon the foundation we laid this year.

Recently, Financial Health Network and MetLife Foundation hosted five social entrepreneurs from South Korea to exchange ideas and learnings with U.S. nonprofits, social enterprises, impact investors and financial health fintech companies. There were three main themes that made an impact on the South Korean social entrepreneurs.

Pictured: Tanya Van Court, CEO and founder of Goalsetter Kids with savings accounts in their name are six times more likely to go to college and four times more likely to own stocks as young adults. Having worked as a leader in preschool and parenting digital products at Nickelodeon, Tanya van Court knew a lot […]

Frequent debit card use makes it difficult to keep a diligent check register that accounts for pending payments. Behaviorally informed personal finance apps and smart checking account features have already begun to remove some of the uncertainties posed by recurring cash management challenges, just as smart meters have taken much of the gambling out of parking.

Here are six tips discussed in our recent webinar featuring innovative companies who have been using our FinHealth Score Toolkit to measure their customers' financial health.

By Thea Garon Director, Financial Health Network Despite a surging stock market and record-low unemployment, millions of Americans are struggling financially. Nearly half of Americans (47%) say their spending equaled or exceeded their income in the last year. One in three people (30%) say they have more debt than is manageable. More than a third…

Benefits season is the most important moment of the year for Americans to take positive action for their long-term financial health — and now more than ever before because American workers are not financially prepared for their life after work.

Much about overdrafting behavior remains a mystery. Given the small amounts and short periods by which overdrafts occur, why aren’t many of them avoidable?

Could overdrafting and payday borrowing actually compound each other, leading to greater use of both products? We asked the banks to compile some key behavioral statistics before and after the discontinuation of their “deposit advance” programs.

In this guest blog post, Josh Sledge and Equifax describe characteristics of underbanked and unbanked consumers and how financial institutions can better serve them. Josh tells us, “There’s a real market opportunity for providers to help underserved consumers build savings and credit to increase their resilience to financial shocks.”

When it comes to “small dollar credit,” overdraft is the elephant in the room. The inexplicability of overdrafting — of why a small group of people seems willing to pay so much for transactions that could be easily avoided — has been the subject of policy debates within our industry for some time.