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Good Jobs Matter: Investing in Worker Financial Health

By Karla Henriquez, Senior Associate and Beth Brockland, Senior Director Throughout our “Good Jobs Matter” blog series, we have explored the relationship between good jobs and financial health, particularly for low-income workers. But for employers committed to supporting worker financial health, investing in job quality is only part of the solution. In this final installment…

Financial Health Pulse
 The 4 Phases of the COVID-19 Economy – What Comes Next?

The 4 Phases of the COVID-19 Economy – What Comes Next?

By Helen Robb, Senior Manager, Financial Health Network With the arrival of a new administration in D.C. in a few weeks, it’s time to refocus on what Americans need now to support their financial health. Our recently released 2020 Trends Report found that many Americans were able to cope during the pandemic largely because of…

Good Jobs Matter: Improving Job Quality for Low-Income Workers

By Karla Henriquez Senior Associate This is a continuation of our Good Jobs Matter series, exploring “good jobs” and financial health. See the first blog in the series here. Which job qualities are most important for improving a worker’s financial health? As it turns out, wages matter, but so do benefits. For all workers, employee…

Dodging the Overdraft Bullet (So Far)

By Corey Stone Entrepreneur-in-Residence Back in early April, the Financial Health Network published a short piece of mine calling for banks and credit unions to grant universal forbearance on overdraft fees during the pandemic. I hypothesized that, as newly unemployed workers drained their savings to cover basic living expenses, many would overdraw their bank accounts…

Good Jobs Matter: Worker Financial Health During COVID-19

By Karla Henriquez Senior Associate COVID-19 has had a significant impact on the lives and livelihoods of millions of Americans, resulting in higher unemployment than the Great Recession. Many of these workers have lost not only the financial security of a paycheck, but also the health benefits that often accompany a full-time job. Therefore, it…

Will Financial Health Be the Next Transformation in Banking?

by Marisa Walster, Senior Director Recent history has certainly been eventful for the financial services industry. From the Great Recession of 2008 to the rise of smartphones, the industry has been confronted by global catalysts that have changed the face of consumer banking in the U.S. As we face the challenges of the COVID-19 pandemic…

What Gets Measured Gets Managed: Making Employee Financial Health Personal

By Matt Bahl Vice President, Market Lead Workplace, Financial Health Network Recently, the Financial Health Network entered into a new collaborative partnership with PayPal, JUST Capital, and the Good Jobs Institute to encourage the nation’s largest employers to prioritize employee financial health. This initiative, the Worker Financial Wellness Initiative, centers around a simple, yet often…