Emergency Savings Can Help Offset Unexpected Emergencies, But Should Be a Long-Term Strategy
As concerns about the spread of COVID-19 continue, questions are also arising about the financial preparedness of Americans in the case of an unexpected emergency, such as needing to stay home from work for an extended period. Read the Article >>
BankThink: Banks are missing their millennial opportunity
In this article, the Financial Health Network’s Thea Garon discusses data from the U.S. Financial Health Pulse that finds only 24% of millennials are financially healthy, and what banks can do to effectively serve their millennial customers. “With an estimated 73 million millennials in the U.S. according to Pew Research Center, this is an incredible opening […]
Gap Between Financial Industry’s Intentions and Actions for Improving Customer Financial Health
New the Financial Health Network Survey Identifies Significant Gap Between Financial Industry’s Intentions and Actions for Improving Customer Financial Health Execs see loyalty, revenue, and competitive differentiation advantages with financial health initiatives, but many remain on the sidelines CHICAGO – April 29, 2019 – The recent U.S. Financial Health Pulse report revealed that only 28 […]
Is The Future Of Financial Health The Self-Driving Wallet?
“Imagine a Siri-like assistant that is part accountant, part budgeting guru, part fortune teller, constantly monitoring and learning from your financial data in order to manage your money.” In her second Forbes contribution, Jennifer Tescher describes the future of the fintech and the financial health industry. Read the article >>
Behind the Latest Rosy Jobs Figures, Here’s the ‘True State’ of Americans’ Financial Lives
In this article, MarketWatch’s Kari Paul covers the Center for Financial Services Innovation’s U.S. Financial Health Pulse, posing the question: “Unemployment is at a 48-year low, so why are only 28% of Americans considered ‘financially healthy’?” “The finances of Americans may not be as good as they look from the outside. Despite optimistic metrics like […]
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.
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 […]
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.
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 >>
Press Release: Dan Schulman awarded the Financial Health Visionary Award
LOS ANGELES, June 08, 2018 (GLOBE NEWSWIRE) — EMERGE Financial Health Forum — The Financial Health Network announced that Dan Schulman, President and CEO of PayPal, has been awarded the first-ever the Financial Health Network Financial Health Visionary Award. The Financial Health Network’s founder and CEO, Jennifer Tescher, formally presented the award during a keynote session on June […]
Opinion: A US agenda for global financial inclusion
Elisabeth Rhyne, founder and managing director of the Center for Financial Inclusion at Accion, explains why the US would benefit from a financial inclusion agenda. Read the full article here >>>