Tyre Nichols protests continue, financial health, goodbye to Candace Parker
Tyre Nichols protests continue in Chicago. A new report shows that Black and Latinx residents are more financially vulnerable than white ones, even accounting for income similarities.
Financial disparities in Cook County are almost double national average, study finds
Black and Latino residents are three to four times more likely to be financially vulnerable than their white counterparts.
Cook County residents of color are more financially vulnerable, new report finds
In Cook County, residents of color are more likely to struggle paying for their basic needs, according to a new report by the Financial Health Network and The Chicago Community Trust.
New Financial Health Data Shows Vast Disparities Across Race and Ethnicity in Chicago
Black Cook County residents are almost twice as likely to be Financially Vulnerable than their counterparts nationally; Latinx residents are nearly one and a half times as likely.
The Housing Crisis Is Also A Workplace Crisis
Home ownership has long been a hallmark of achieving the so-called American Dream. A recent survey found that 74% of Americans rank owning a home as the primary indicator of financial security and prosperity.
Global Financial Health Launch Decision: Send ’Em!
The demand for a global financial health platform that supports meaningful business investment is there. We just need the collaboration to make it happen.
Entrepreneur Focus: Jennifer Tescher
Two events — a financial crisis followed by a global pandemic — demonstrated to Jennifer Tescher just how vulnerable the majority of Americans are.
‘Buy now, pay later’ is booming. So are its problems.
If used as intended, "buy now, pay later" can be a cheaper and easier alternative to a credit card.
How Banks Can Help Customers Tame Credit Card Debt
Customers often have credit cards from a lender other than their primary financial institution. But these institutions should still talk to them about credit card debt. As card balances and delinquencies rise, attentive banks and credit unions can help their customers see how to trim debt and better manage their money. One fintech CEO suggests it’s in banks’ best interests to take an interest.
New report reveals accelerating crisis of Hawaiʻi households living in poverty
In partnership with Bank of Hawaiʻi Foundation, Aloha United Way has released a new State of ALICE report based on a 2022 survey that indicates “alarming and substantial increases” in the number of households living in poverty.
Americans are saving little — while they spend up a storm
There’s an interesting mystery in the statistics that came out Thursday from the Bureau of Economic Analysis. Personal income — after inflation — rose about 0.4% in October from the previous month. Personal spending went up too, after adjusting for inflation, by 0.5%.
New Financial Health Pulse Data Shows Correlation Between Cost of Gas and Consumption and the Impact of Price Increases on Financially Unhealthy
Top-line finding shows that as gas prices increased in 2022, overall consumption decreased and that the financially unhealthy often made smaller, more frequent purchases to fill up their tanks.