Focusing on Financial Health: Holly O’Neill & Financial Health Network CEO Jennifer Tescher
Join Holly O’Neill, president of Retail Banking at Bank of America, as she meets with leaders across industries who are changing the game and making it personal for consumers. Her conversation with Jennifer Tescher, CEO of the Financial Health Network, explores improving financial health for all and making financial wellness the foundation of everything we do at Bank of America.
6 Ways to Better Support Women in the Workplace
As women make a swift return to the workforce, even exceeding pre-pandemic levels in February, I've been reflecting on my own career. And how the type of support I received hindered or helped me along my journey.
Despite Reforms, Overdraft Fees Are Still Plaguing Low-Income Americans
Overdraft and non-sufficient funds fees are disproportionately plaguing low-income households, with some Americans overdrawing their bank accounts 10 or more times a year.
The overdraft landscape is in transition
One of my biggest pet peeves in all of finance is the overdraft fee. I first wrote in 2019 that we were moving to a world of no overdraft fees. This was before major banks changed anything in response to the fintech push for no overdraft fees.
Banks are raking in billions from overdraft fees, despite stricter regulations. Now for the good news.
Banks continue to rake in billions of dollars from overdraft fees — but they’re making far less from those charges than they used to.
The Value in Employee Experience: A Worker Financial Wellness Guide
A new resource from the Worker Financial Wellness Initiative, explores how companies can effectively learn from and act on the experience of their employees to make workforce investment decisions.
A lifetime of caring for others is leaving mothers broke in retirement
Mothers make a lot of sacrifices for their children, and many do so joyfully. But they may not realize that those tradeoffs could threaten their ability to provide for themselves in their later years.
Four Out of Five Americans Were Financially Unhealthy at Least Once Over Last Five Years
Novel five-year research uses proprietary Financial Health Pulse data, the nation’s benchmark measurement for finhealth, to provide a unique look at life events, income and other factors that most impact individual financial health over time.
5 ways to build credit with no credit history
Many times, consumers with no credit history are new to the world of credit. They can find themselves in a Catch-22 scenario, says Jennifer Tescher, founder and CEO of the Financial Health Network in Chicago.
Commentary: Financial vulnerabilities of families of color threaten region’s collective future
What does it mean to be financially healthy? The core tenets of financial health include positive cash flow, manageable debt and the ability to plan. When families achieve these foundational building blocks, they can purchase a home, pay for college and plan for retirement.
Wealth Inequality and the Racial Wealth Gap: New study shows Cook County residents wealth disparity, and the problem is far worse for the Black and Latinx population
Cook County residents experience high financial stress at more than twice the national rate, a new study by Financial Health Network finds.
Cryptocurrency ownership declining more in some groups than others
While it is no surprise that recent market shenanigans have caused investors to shed their cryptocurrency holdings, some are leaving the asset class more than others.