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 >>
The Power Of Purpose: Fintech’s Role In Stakeholder Capitalism
First came the statement from the Business Roundtable redefining the role of business in society. Then came Larry Fink’s annual shareholder letter, in which he said BlackRock would make environmental sustainability a core investment criterion.
Hawaii Financial Health Pulse: 2019 Survey Results
The majority of Americans are struggling financially – and the everyday economic reality is similar for those who live and work in Hawaii. The Hawaii Financial Health Pulse offers an in-depth view of their financial struggles and coping strategies, along with potential solutions to improve financial health across Hawaii and the rest of the country.
Despite a strong economy, just 29% of Americans are financially ‘healthy,’ according to a new report
The economy may be booming, but a large percentage of Americans report feeling insecure in their own financial lives, according to a new report from the Financial Health Network. The U.S. Financial Health Pulse 2019 Trends Report asked Americans about four buckets of financial health — saving, spending, borrowing and planning — and compared responses from […]
An Open Letter To Amazon: You, Too, Can be a Financial Health Company
“Just like your summer reading recommendations, you could offer financial tips for preparing for summer vacation expenses, getting ready for back to school needs in the fall, and tax-time tips in the winter.” Read Jennifer Tescher’s open letter to Amazon. Read the article >>
Are Americans Financially Healthy? A Groundbreaking Study Takes A Holistic View
72% of Americans are dealing with financial uncertainty. Read our Paid Post on the New York Times, “Are Americans Financially Healthy?” for more findings from the U.S. Financial Health Pulse groundbreaking study. Read the article >>
Webinar: Solving the Cash Crunch: Helping Small Businesses Access Check Funds Faster
Watch a presentation and discussion about the challenges that checks place on small business cash flow as small organizations wait for personal and business checks to clear.
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 […]
LA Times: For a day, I was one of the millions of Americans without a bank account. It was humbling
This article written by Los Angeles Times banking and finance reporter James Rufus Koren describes his experience during FinX at EMERGE. Koren recounts what he and other finance professionals learned as they spent a morning in Hollywood experiencing first hand the daily challenges facing the un- and underbanked. Read the article
Press Release: The Center For Financial Services Innovation Announces 2018 Financial Health Leaders
THE CENTER FOR FINANCIAL SERVICES INNOVATION ANNOUNCES 2018 FINANCIAL HEALTH LEADERS Leading consumer financial health network recognizes organizations’ commitment to financial wellness CHICAGO, June 20, 2018 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on consumer financial health, recently announced its 2018 Financial Health Leaders. Financial Health Leaders are organizations within the Financial […]
American Banker: Data Revolution Could Make Lending Better
The Financial Health Network’s Entrepreneur in Residence explains the early stages of a quiet but powerful transformation in how lenders obtain data to make underwriting decisions. He describes how this transformation will have profound effects on consumers’ access to credit, lenders’ business models and how incumbent consumer reporting agencies operate. Read the article.
What Trump doesn’t understand about the poor
By and large, Americans can find jobs today. But too often those jobs have wild swings in pay. A mechanic, for example, might earn $3,500 one month and then drop to around $1,000 the next, when customers don’t materialize. The working poor and, increasingly, the middle class are in a state of “persistent anxiety” about […]