Survey Finds Only 29% Americans Financially Healthy
The Financial Health Network, the nation’s authority on financial health, in partnership with Flourish, MetLife Foundation, and AARP, today released the U.S. Financial Health Pulse 2019 Trends Report. Now in its second year, this year-over-year analysis of peoples’ financial health found that despite a strong economy, only 29% of people in the U.S. are financially healthy. […]
Study: Majority of Americans Continue to Struggle with Finances
Just 29% of Americans—approximately 73 million people—are financially healthy, according to the Financial Health Network’s Financial Health Pulse report released today. That figure was up only one percentage point from a survey conducted a year ago. Fifty-four percent of Americans were classified as “financially coping,” struggling with some but not all aspects of their financial lives—such as […]
70% of Americans say they are struggling financially
Many Americans remain in precarious financial shape even as the economy continues to grow, with 7 of 10 saying they struggling with at least one aspect of financial stability, such as paying bills or saving money. Read the Article >>
Middle-income Americans are increasingly ‘financially vulnerable,’ despite strong economy and low unemployment
Most Americans are struggling with at least some part of their finances, a new report shows, despite a strong economic indicators to the contrary. Just 29% of Americans — an estimated 73 million people — are “financially healthy,” according to a report released Thursday by the Financial Health Network. The share of financially healthy individuals increased […]
Even in Strong Economy, Most Families Don’t Have Enough Emergency Savings
Research finds that families should aim to have at least six weeks of take-home pay saved for emergencies, but about two-thirds of American families fall short.
House passes bill to help workers save for retirement
The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans. Financial Health Network research shows 4 in 10 adults have not saved for their retirement. Read the Article >>
BankThink: Banks are missing their millennial opportunity
In this article, the Financial Health Network’s Thea Garon discusses data from the U.S. Financial Health Pulse that finds only 24% of millennials are financially healthy, and what banks can do to effectively serve their millennial customers. “With an estimated 73 million millennials in the U.S. according to Pew Research Center, this is an incredible opening […]
Something Old, Something New
The features of the financial services landscape that have brought today’s consumers convenience, reduced friction, and easily accessed revolving credit have now been with us for so long that we view them as fixed infrastructure. These gains have been accompanied by a loss of some of the tools and habits of mind that helped the grandparents and great-grandparents of today’s Millennials make it through two world wars and the Great Depression.
Cross-Sector Solutions: A Guide to Nonprofit-Fintech Partnerships
Learn best practices and real-life success stories from the Financial Health Network’s Nonprofit-Fintech Exchange, a marketplace for exploring collaboration and sharing insights on building high-impact partnerships.
Webinar: A Roadmap for Partnerships and Profitability
This webinar recording explores the business case of proven strategies providers can use to build financial health and how implementing these interventions may impact a provider’s profitability and business performance.
An Open Letter To Amazon: You, Too, Can be a Financial Health Company
“Just like your summer reading recommendations, you could offer financial tips for preparing for summer vacation expenses, getting ready for back to school needs in the fall, and tax-time tips in the winter.” Read Jennifer Tescher’s open letter to Amazon. Read the article >>
Financial Health Network Extends Reach to Workplace Sector at EMERGE
Our research shows that employees are struggling financially and are looking to their employers for solutions. The EMERGE workshop represented a doubling-down on our commitment to working with employers, payroll and benefits providers, workers’ representatives, thought leaders, and policymakers to solve employees’ financial challenges.