Her Majesty Queen Máxima of the Netherlands Announced as the 2021 Financial Health Visionary Award Recipient
Chicago, IL, May 18, 2021 (GLOBE NEWSWIRE) — Financial Health Network, the leading authority on financial health, today announced that H.M. Queen Máxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), will be the recipient of the 2021 Financial Health Visionary Award during the EMERGE Financial Health virtual event […]
Why Financial Health Disparities Continue to Widen
One year into the COVID-19 global pandemic, new data from the U.S. Financial Health Pulse shows that Black and Latinx communities are continuing to disproportionately struggle amidst the ongoing public health crisis, and that financial health disparities appear to be widening by race and ethnicity as a result of the ongoing pandemic.
Bank fees slam low-income households, study finds
Hefty banking fees are hurting low-income households, especially families of color, according to consumer advocates.
3 Takeaways from EMERGE Workplace
The pandemic has made it clear that workplace benefits are evolving. As Harvard Business Review recently reported, the vast majority of leaders are planning to expand benefits as a result of the COVID-19. What should your organization be considering? We designed our inaugural EMERGE…
The FinHealth Spend Report 2021 Finds Financially Vulnerable Spent $255bn in Financial Service Fees
Financially Vulnerable households spent, on average, 13% of their annual income on the products studied, compared with 5% for Financially Coping households and just 1% for Financially Healthy households. Financially Coping and Vulnerable households are those who struggle to spend, save, borrow, and plan.
Financially Coping and Vulnerable Households Spent $255B for Everyday Financial Services
The Financial Health Network, the nation’s authority on financial health, in partnership with Prudential, today released The FinHealth Spend Report 2021, the evolution of its annual market sizing report, showing financially coping and vulnerable households account for 84 per cent of spending on fees and interest for financial services (for a total of $255B), despite representing less than two-thirds of the population.
2021 FinHealth Spend Report Shows Financially Coping and Vulnerable Households Spent $255B for Everyday Financial Services
Chicago, IL, April 20, 2021 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, in partnership with Prudential Financial, today released The FinHealth Spend Report 2021, the evolution of our annual market sizing report showing Financially Coping and Vulnerable households account for 84% of spending on fees and interest for financial […]
Improved Financial Wellness Could Be The Silver Lining To The Covid-19 Cloud
Let’s face it: 2020 didn’t give many of us much to celebrate, especially those of us working in human resources and employee engagement. A global health crisis, an economy in freefall and cultural unrest leading to tense racial reckonings — our career cup runneth over, and not in a good way.
Keys to unlocking employee financial well-being
The financial impact of the pandemic has hit each worker differently, but many Americans have been left on their own to deal with stress, overcome financial struggles and work through personal challenges.
How to fill in your financial blind spots
Nobody wants to pick up essential financial knowledge by making mistakes or finding out key information too late.
Making Client Voice Part of the Design Process: Behavioral Insights Elevate Flexibility and Simplicity in Financial Health Tools
Even before the COVID-19 pandemic, many families across America were struggling to make ends meet. But they still have big hopes and dreams today, from getting a car to finding better job opportunities to buying a home. To achieve any of these goals, saving and credit-building are two critical steps toward financial stability and self-determination. And at the current moment of societal upheaval, financial stability is not just nice-to-have, but vital. Presented by Capital One
Driving the Work of Economic Equity in Underserved Communities
While for many people in the U.S., seeing a bank—or several—is a daily occurrence, a lack of access to financial services is unfortunately a familiar story for underserved communities, especially communities of color. Last year, the Cherry Hill neighborhood of South Baltimore celebrated the opening of a 5,000-square-foot Chase bank branch, marking an important milestone: it was the first national bank to ever open in this historically Black community. Presented by JPMorgan Chase & Co.