Over 6% of Americans—20.5 million people—are unbanked, according to the FDIC’s latest data, meaning they have no checking or savings account. Nearly 50 million more are underbanked: They have at least one bank account but still use alternative financial services like payday loans and check cashers outside the banking system.   Read the Article >>

Despite a recent Gallup poll that found only 55% of Americans reported owning stock, a Rutgers study showed that most Americans report they would prefer to work for a company that gives them a stake in the business. Read the Article >>

The Lockdown Recession has given Millennials another major economic smack in the face, bookending the 9/11 attacks and the Great Recession on one side with the pandemic on the other. The coronavirus slump hit just as they were beginning to find their financial feet.

When COVID-19 hit our economy, workplaces were focused on reacting and responding (often in real time) to address and mitigate the fallout to their business and workforce. The toll on both has been substantial. Every workplace and every worker has been impacted, and industries like retail and hospitality and low- and moderate-income workers have borne […]

As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk. Read the Article >>

In a matter of a few weeks, many employees and small business alike will be plain out of money. The American economy is in a race against time.

Banks are offering a plethora of financial hardship assistance programs to those affected by COVID-19.   Read the Article >>

Early US cases of COVID-19 indicate treatment for the virus will require hospitalization for many affected adults of all ages. Data from China show a median hospital stay of 12 days, and recent projections (PDF) estimate an 8-day stay if critical care is not required and a 16-day stay, including 10 days in the intensive care unit (ICU), for […]

Seventy-one percent of American households are considered financially unhealthy, and the global coronavirus pandemic is now crashing headlong into our years-in-the-making financial health epidemic, resulting in a mutually reinforcing downward spiral.

For Americans, there are two major types of financial shocks to worry about if you fall ill with coronavirus: income loss and medical costs, Rob Levy, vice president of the Financial Health Network, tells CNBC Make It.   Read the Article >>

The signs began appearing around Seattle in the windows of Dick’s Drive-In, the city’s iconic burger chain: “In an abundance of caution, we ask you to please pay with credit or debit card if possible rather than cash.” Read the Article >>