EMERGE Backstage: Bankers as a Social Engine for Good
Hear from Sunrise Banks Chairman and CEO David Reiling as he discusses the Twin Cities-based bank’s efforts to support the urgent needs of its customers during a poignant last few months.
Small Dollar Credit and Financial Health: A Policy Perspective
The Financial Health Network wrote this Policy Perspective that draws on our past small-dollar credit work to inform the conversation around recent regulatory actions.
Over 33 Million Americans Lost Their Job During the Pandemic
Optimism is high among workers that they can return to their pre-pandemic jobs, but economists warn over 40 percent of job losses could become permanent. Read the Article >>
1 in 3 Americans say their stimulus checks won’t sustain them for even a month
While millions of Americans are counting the days until their stimulus checks arrive, many fear that the one-time $1,200 payment won’t go very far. Read the Article >>
Corona and Your Personal Finances: What You Need to Know
“The requirements of social distancing will impact the vast majority of workers, resulting in layoffs, furloughs and hour reductions,” Says Rob Levy, vice president of the Financial Health Network. Read the Article >>
How to Build an Emergency Fund in the Middle of an Emergency
“The answer can’t be to do nothing,” said John Thompson, chief program officer of the Financial Health Network, a nonprofit focused on financial innovation. Read the Article >>
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 >>
Training For the Future of Work Comes With Financial Risk
The future of work is here, and it is impacting workers and students in new and surprising ways. One key area experiencing change is around financial health – especially for low- to moderate-income (LMI) individuals – but innovative technology solutions can help.
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 […]