Many Americans are struggling financially amid the pandemic, but some are finding ways to thrive
You might think the deck is stacked against Andi Gibbs. A 25-year-old nursing assistant at a hospital system in North Carolina, Gibbs is a young, Black woman working in a caregiving profession — she has nearly all the characteristics of the people who have been hit hardest by the pandemic. Read the Article >>
UPS to Offer Employees a Way to Save for Emergencies
Shipping giant joins other companies offering rainy day funds in 401(k) plans.
Trump says: ‘I’m ready to sign a big, beautiful stimulus’ — but many Americans are not banking on it
‘Without knowing when the next round of stimulus and relief measures will arrive, many people continued to keep their expenses low’ Read the Article >>
What Could Help Address the Racial Wealth Gap
Ideas to narrow financial disparities between Black and white people in America Read the Article >>
Financial Health Still A Struggle For Many—More Financial Innovation Needed
Recent research highlights the ongoing struggle many Americans have when it comes to financial health—underscoring the need for more financial innovation to meet these needs. Read the Article >>
2020 U.S. Financial Health Pulse Data Shows A Tale of Two Americas: Gap Widens Between Financially Healthy and Vulnerable Populations
Chicago, IL, Oct. 13, 2020 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, in partnership with Flourish Ventures, MetLife Foundation, and AARP, today released the U.S. Financial Health Pulse 2020 Trends Report, revealing an uneven impact to financial health over the last year. While the topline data shows 33% of people […]
‘A tale of two Americas’: How the pandemic is widening the financial health gap
Over two-thirds of Americans are financially unhealthy, with millions facing “extreme financial hardship,” according to the U.S. Financial Health Pulse Trends Report, released today. And as the stock market continues to strengthen, the average American is still struggling, with unemployment rates still far above pre-pandemic highs and another round of coronavirus stimulus seemingly far off. Read the Article >>
PayPal and JUST Capital Launch New Collaborative Initiative
Learn about this new initiative, which calls on the C-suite to prioritize financial security for employees.
What Gets Measured Gets Managed: Making Employee Financial Health Personal
There is no shortage of macro-level data showing that employees across the country, and in every industry, are struggling financially. As organizations think about assessing and improving the financial health of their workforces, here are some best practices to keep in mind.
Supporting the Futures of Young Adults Starts with Understanding Their Financial Lives
Our new report, “Race, Ethnicity, and the Financial Lives of Young Adults,” sheds light on the different financial challenges faced by young adults, especially Black and Latinx young adults.
What the unbanked need from the 2020 election
Over 6% of Americans—20.5 million people—are unbanked, according to the FDIC’s latest data, meaning they have no checking or savings account. Nearly 50 million more are underbanked: They have at least one bank account but still use alternative financial services like payday loans and check cashers outside the banking system. Read the Article >>
New Report Explores Financial Health of Young Adults of Color
Chicago, IL, Sept. 29, 2020 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, in partnership with the GenForward Survey research program from the University of Chicago, today released a new report called “Race, Ethnicity, and The Financial Lives of Young Adults: Exploring Disparities in Financial Health Outcomes.” The report finds […]