Life got worse for the have-nots this year. Banks can help change that.
This year marked an unprecedented time in many ways, including for the financial health of American households. And with so many competing headlines, it can seem nearly impossible to make sense of it all. Read the Article >>
Pandemic influencing employer health benefit planning: Financial Health Network
The Financial Health Network, the nation’s authority on financial health, this week released the “Knowing Better, Doing Better: Building an Effective Financial Health Benefits Strategy” report in partnership with Morgan Stanley at Work, showing 86 per cent say they are aware of their employees’ financial health challenges, with 85 per cent of companies planning to maintain or increase […]
New Financial Health Network Report Finds Many Employers Taking Action to Improve Employee Financial Health Benefits Following the COVID-19 Pandemic
Chicago, IL, Nov. 12, 2020 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, today released the “Know Better, Do Better: Building an Effective Financial Health Benefits Strategy” report in partnership with Morgan Stanley at Work, showing that close to 90% (86%) say they are aware of their employees’ financial health […]
Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
Amid the pandemic, a ceiling on payday loans extends … state by state. Read the Article >>
JP Morgan’s Financial Solutions Lab Launches Fintech Accelerator
The Financial Solutions Lab is on a mission to serve the underserved with the launch of its seventh fintech Accelerator Challenge. Read the Article >>
Financial Solutions Lab launches 7th Accelerator Challenge
The Financial Solutions Lab, an initiative from the Financial Health Network in collaboration with JPMorgan Chase and Prudential Financial, has launched its seventh Accelerator Challenge, focused on helping people improve financial resilience and build long-term financial growth in the wake of the economic impact of the coronavirus pandemic. Read the Article >>
America’s racial wealth gap hits home—what can be done about it
Black people make up 13% of the U.S. population, but only have 2.5% of the nation’s wealth Read the Article >>
Innovating to Fight Financial Instability: Our 2021 Accelerator Challenge
Over the past six years, the Financial Solutions Lab has run an annual fintech accelerator that has supported more than 40 companies with investments, resources, mentorship, and more to improve the financial health of people across the U.S. These companies have reached more than 5 million low- to moderate-income consumers – and over 10 million […]
Financial Solutions Lab Launches Seventh Accelerator Challenge to Support Fintech Solutions that Help Address Financial Instability
As part of $60 million, 10-year program, seventh annual Accelerator program now accepting applications from financial technology companies helping people improve financial resilience and build long-term financial growth in the wake of COVID-19 CHICAGO – Oct 27, 2020 – The Financial Solutions Lab, an initiative from the Financial Health Network in collaboration with JPMorgan Chase […]
‘A Tale of Two Americas’: New Data from the 2020 U.S. Financial Health Pulse
“It was the best of times, it was the worst of times.” The opening lines of Charles Dickens’ iconic novel A Tale of Two Cities perfectly capture the paradoxical nature of this moment in time. Since March, the news has often featured contradictory narratives about the impact of the ongoing pandemic on people’s financial lives….
Formerly Incarcerated People Need Financial Stability to Make Their Return Home A Success
There are more than 44,000 federal, state, and local restrictions that block access to public benefits, employment opportunities, and other crucial services that returning citizens need to establish stability and build their financial health.
Will Financial Health Be the Next Transformation in Banking?
Today, many digital-only banking startups are focused on offering financial health-centric services. A shift toward advancing consumer financial health would be a positive for everyone.