U.S. Added 250,000 Jobs in October; Unemployment at 3.7%
Low wages in many sectors have contributed to financial instability. More than a quarter of Americans don’t earn enough to cover basic expenses, while more than a third are unable to pay all their bills on time, according to a report released Thursday by the Center for Financial Services Innovation, which is funded by nonprofit foundations and several banks.
Survey Finds Americans’ Financial Health Shaky
In this article from the AARP, senior policy advisor Catherine Harvey writes about findings from the inaugural U.S. Financial Health Pulse report. “Stock market trends, the unemployment rate and other macroeconomic measures don’t always reflect people’s everyday financial lives,” said Catherine Harvey, senior policy advisor in the AARP Public Policy Institute. “The U.S. Financial Health […]
Study: Majority of Americans Struggling with Finances
This article posted in the ABA Banking Journal, summarizes findings from the Center for Financial Services Innovation’s U.S. Financial Health Pulse. “Just 28 percent of Americans — approximately 70 million people — are financially healthy, according to the Center for Financial Services Innovation’s inaugural U.S. Financial Health Pulse report released today. Fifty-five percent of Americans […]
Most Americans Struggle Financially, But Will It Guide Innovation?
Bank Innovation’s Jake Martin covers the Center for Financial Services Innovations U.S. Financial Health Pulse data in this article. “A benchmark survey from the Center for Financial Services Innovation released today looked past the headlines and into the lives and habits of Americans across the financial spectrum. The results were troubling, reassuring, and everything in […]
You Can’t Change What You Can’t See: Taking America’s Financial Health Pulse
In this blog, posted in Next Billion, the Center for Financial Services Innovation’s Jennifer Tescher provides the context of why the U.S. Financial Health Pulse is so important to affecting real positive change for consumer financial health. “Just last week, the FDIC’s National Survey of Unbanked and Underbanked Households revealed that the number of unbanked […]
Despite the “Good Economy,” Only 28% of Americans Are Financially Healthy
By some measures, the American economy is booming. Corporations are raking in profits. Unemployment is low. But wages are still stagnant, and a new report says that only 28% of Americans can be considered financially healthy.
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 […]
Jo Ann Barefoot Podcast Featuring Jennifer Tescher
Don’t miss CEO and President Jennifer Tescher as she speaks with Jo Ann Barefoot on financial health, research, and more. Listen here>>
The end of the two-week pay cycle: How every day can be payday
Companies like Even, Stripe and Green Dot are changing the speed of pay cycles to help lower- and middle-income earners avoid predatory lenders. Read this article from MarketWatch to learn about these on-demand payment companies. Read the article >>
The Opportunities and Threats of Insurtech for the Average Insurance Consumer
In this article, Theresa Schmall addresses the opportunity for insurance providers to embrace innovative technology that benefits both businesses and customers alike. Read the article >>
Bringing Underbanked Consumers Out of the Shadows
In this guest blog post, Josh Sledge and Equifax describe characteristics of underbanked and unbanked consumers and how financial institutions can better serve them. Josh tells us, “There’s a real market opportunity for providers to help underserved consumers build savings and credit to increase their resilience to financial shocks.”