Coronavirus Recession Looms, Its Course ‘Unrecognizable’
The U.S. economic outlook darkens daily, with millions facing unemployment and businesses in a steep decline. Read the Article >>
Banks supplement benefits to help employees affected by coronavirus
As the novel coronavirus spreads throughout the U.S., banks are adding extra benefits for employees working in branches as well as those pulled away from work to deal with illness and caregiving responsibilities. Read the Article >>
Even with the recent strong economy, many Americans are struggling—ex-Fed chair Janet Yellen explains why
Less than a third of Americans consider themselves to be financially healthy. In fact, more than half report struggling with some aspect of their financial lives, according to a comprehensive survey released in November by the Financial Health Network. Read the Article >>
Consumers Are Not Financially Prepared for Natural Disasters – Here’s How to Help
Provided by Money Management International, this research reveals that many financial institutions are ill-equipped to support customers who have suffered a catastrophe, such as a natural disaster.
Building Your Business Case for Financial Health: Providing Guidance and Support to Increase Customer Well-Being
How can financial health help build your business? For financial services providers considering new programs, tools, or products to improve customer financial health, this report offers a framework for evaluating the business case to implement them.
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 […]
The Problem With Financial Literacy Month
“The idea that we need to teach people to be more financially healthy suggests that they don’t know enough, aren’t trying hard enough and it’s all their fault.” Read Jennifer Tescher’s article in American Banker in which she describes the problem with Financial Literacy Month and gives examples of companies going beyond financial education to […]
With Many Just A Paycheck Away From Financial Ruin, Employers And FinTech Can Help
Sixty percent of households in America have experienced a financial shock in the past 12 months, according to Pew research. Close to 800,000 federal government employees were affected by the Dec 2018 – Jan 2019 government shutdown, forcing them to go without a paycheck for 35 days and giving this statistic a face. In her inaugural […]
Report: Just 28% of Americans are ‘Financially Healthy’
In this article JT Crowe, of Money and Markets, covers the Center for Financial Services Innovation’s U.S. Financial Health Pulse and considers what Americans can do to be more financially fit. “The economy is booming, the stock market is enjoying a record bull run, consumer confidence is near an all-time high, unemployment is at a […]
Inaugural U.S. Financial Health Pulse Report Finds Only 28 Percent of People in America are Financially Healthy
Landmark Financial Health Pulse from the Financial Health Network delves beyond headline economic data to reveal people in America are struggling in many aspects of their financial lives Chicago, IL – Nov. 1, 2018 – The Financial Health Network, the nation’s authority on consumer financial health, in partnership with the Omidyar Network, MetLife Foundation, and […]
Fintech and the Search for Full Stack Financial Inclusion
We’re encouraged by Federal Reserve Governor Lael Brainard’s commitment to financial health. During her remarks at FinTech, Financial Inclusion – and the Potential to Transform Financial Services, a conference hosted by the Federal Reserve Bank of Boston and the Aspen Institute, she said, “This April, the Center for Financial Services Innovation announced the launch of a […]
Financial Solutions Lab announces 2017 winners
The financial future of America and beyond will be shaped by many of todays fintech innovators, eight of whom were selected as winners of the Financial Solutions Lab’s third annual competition. Run out of the Center for Financial Services Innovation with support from JPMorgan Chase, the Financial Solutions Lab identifies companies that can help Americans […]