Fintech Innovation Leader Joins the Financial Health Network
Hannah brings a passion for financial health and knowledge of startups, nonprofits, financial services, and the fintech ecosystem at large. She will be responsible for the strategic direction of our Innovation practice, including the Financial Solutions Lab.
Welcome Hannah Calhoon to the Financial Solutions Lab
The Financial Health Network announced today that Hannah Calhoon has joined the team as Vice President, Innovation. In this role, she will be responsible for leading the Financial Solutions Lab, finding new ways to support our partners and innovators as they work to improve financial health for all. Learn more about Hannah’s past experience and […]
Good Jobs Matter: Investing in Worker Financial Health
In this final installment of the "Good Jobs Matter" blog series, we use the Financial Health Network’s eight financial health indicators to explore additional ways that employers can improve the financial health of their workers.
How to donate your $600 stimulus check to people in need
Over the weekend, Congress reached a deal for a new $900 billion Covid-19 relief package, which includes funding for stimulus payments of up to $600. Read the Article >>
Driving Cross-Sector Solutions: Responding to the Unemployment and Student Loan Crises
As the pandemic was initially unfolding and unemployment rates in the U.S. made headlines, research showed that Americans facing both unemployment and student loan debt experienced serious risks to their financial health. One in five unemployed U.S. adults report that they or someone in their household has a student loan, and the 45 million Americans […]
Heidi Johnson Helps Older, Low-Income People Manage Their Money
So many research studies about Americans’ personal finances focus on affluent adults and their retirement savings. But Heidi Johnson, director of behavioral economics for the nonprofit Financial Health Network, has put a spotlight on the money challenges of low- and moderate-income people 50 and older. More specifically: how financial institutions and personal finance apps often […]
The 4 Phases of the COVID-19 Economy – What Comes Next?
With the arrival of a new administration in D.C. in a few weeks, it’s time to refocus on what Americans need now to support their financial health. Our recently released 2020 Trends Report found that many Americans were able to cope during the pandemic largely because of…
Good Jobs Matter: Improving Job Quality for Low-Income Workers
While employee benefits are clearly important for financial health, they are the job quality dimension rated lowest among low-income workers. In order to improve employee financial health, employers should invest in benefits that support worker financial well-being.
Fintech Leader Q&A: Finli CEO Lori Shao
Lori Shao founded Finli, one of the Financial Solutions Lab Accelerator’s 2020 Cohort companies, in 2019. Finli’s comprehensive business management software relieves family-centric businesses, like neighborhood schools and enrichment programs, from the administrative burdens of invoicing, tuition collection, and maintaining a digital presence by providing an enterprise solution and parent-approved app. Given its area of […]
Dodging the Overdraft Bullet (So Far)
The economic shutdown and mandatory lockdowns forced many people to limit discretionary spending on retail, food, and entertainment, while stimulus checks and increased unemployment benefits improved financial health in the short term. This aided in a slow down of overdraft.
Good Jobs Matter: Worker Financial Health During COVID-19
There is a strong relationship between job quality and workers’ financial health. Employers have the opportunity to use investment in job quality as a way to improve financial health equity among workers.
What We Know to Be True: Making Informed Benefits Decisions in Uncertain Times
During a pandemic, unexpected expenses or unplanned loss of income can have a devastating impact on a household’s day-to-day financial management. Employers have an opportunity to steward their resources more effectively into responsive and informed investments to aid employees’ long-term financial health.