What to know about renters insurance and what it does and doesn’t cover
When the unexpected happens — whether fire, hail, or human error — renters insurance can provide much-needed stability. But many choose not to purchase coverage, including in places most frequently and hardest hit by natural disasters, new research shows.
Financial Health Pulse 2023: Share of Financially Vulnerable Americans Grows to 17% of Population, Climbing to Pre-Pandemic Levels
Largest Pulse data collection finds growing financial health inequities based on race, ethnicity, and age.
Disabled? Here’s One Way To Save Money On Your Own Through A Special Savings Account
Very few people with disabilities are considered financially healthy. They are often below the poverty line.
Real-Time Payments Provide A Path To Fewer Overdrafts
When the Federal Reserve announced earlier this summer the launch of FedNow, a new service to enable instant payments for American households and businesses, some critics argued that the fanfare was overblown. After all, The Clearing House had launched the nation’s first instant payment system in 2017, and even that was decades behind other developed economies.
Natural disasters are disastrous for consumers’ financial health
For the past five years, the US has been confronted with an average of 18 natural disasters per year. This year, as of August 15, natural disasters have already racked up losses of more than $1 billion each. With the climate changing, these events are becoming more frequent and with each event, many Americans take on financial damages.
Report: Obstacles Open Opportunities for FIs to Serve Americans With Disabilities
Financial Health Network’s research reveals half of working-age people with disabilities are in financial distress.
Most working-age people with disabilities are not financially healthy, study finds
Fifty percent of working-age people with disabilities have annual household incomes less than $30,000.
New Research from Financial Health Network Shows 90% of Working-Age People with Disabilities are Not Financially Healthy
Report also finds that 93% of people with disabilities are unfamiliar with ABLE Accounts, the primary tool offered by the government for building and maintaining assets without losing public benefits
‘People Completely Overlooked Me as a Consumer’: Melanie’s Story
What does it feel like to navigate a bank branch as a disabled person? Melanie, who uses a wheelchair, opens up about her experience and shares lessons for the industry as part of our in-depth report on the financial health of people with disabilities.
The Hidden Costs of an ‘Invisible’ Disability: Simone’s Story
Unexpected expenses often mean stretched budgets for disabled people. As part of our in-depth report on the financial health of people with disabilities, 21-year-old Simone shares her experience.
A Former Banker Navigates Life Through a New Lens: Jonathan’s Story
While working in the banking industry in his early thirties, Jonathan began to lose his eyesight. When he told his manager he was having trouble seeing his computer screen, her response was clear: You’re on your own. Ultimately, Jonathan left his banking career due to a lack of accommodations. He held a few other jobs until blindness forced him to stop working completely.
“Buy now, pay later” plans can rack up steep interest charges. Here’s what shoppers should know.
Although U.S. consumers have embraced "buy now, pay later" loans in part because of marketing claims that they offer zero-percent financing, shoppers should be on their guard. Some BNPL products charge exorbitant interest rates, along with heavy fees when you miss a payment, according to Consumer Reports.