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.
The Perils of Employment-Linked Insurance
We are all too familiar with the economic fallout that has resulted from the coronavirus pandemic, both at the individual and national levels. An estimated one in five workers has collected unemployment benefits and GDP decreased at an annual rate of 32.9% in the second quarter.
In Their Words: What Older Adults Struggling Financially Need
Despite the recent stimulus, increased vaccinations, and gathering momentum of reopenings across the country, millions are still struggling with their financial health. Ongoing economic uncertainty, job loss, and physical health concerns have caused many to shift financial priorities just to stay afloat. In the Financial Health Network’s latest…
Financial Wellness for Employees: Insights from Five Fintechs
Employer-channel fintechs play an increasingly crucial role in supporting employees’ financial health through products like low-cost loans, and financial coaching. The Financial Solutions Lab partnered with the Social Policy Institute at Washington University in St. Louis to examine the uptake, usage, and impact of five companies: Brightside, HoneyBee, Manifest, MedPut, and Onward.
The Future of Financial Wellness is Taking Shape
As the way we work changes, financial wellness should adapt too. Explore these new ideas that are shaping the future. While the initial thrust into remote work was a crisis response, it is now being embraced by both employees and employers. In fact, many companies plan to maintain remote workforces. Presented by Morgan Stanley at Work
Opportunities for FinHealth Innovation and Impact in Criminal Justice
People who are arrested, detained, and/or incarcerated often have interactions with the criminal justice system that lead to short-term financial crises and long-term financial instability for themselves and their families. In many cases, families forgo basic needs because of loss of income following their loved one’s incarceration. Punitive fines and fees create a cycle of […]
The fintech partnership helping Sterling Bancorp reach kids
Kids who save money early are likelier to become adults who attend college, own stocks, and exhibit other positive financial behaviors.
It cost Americans more than $66 million to cash their first stimulus checks. Why that could happen again with the $1,400 payments
Almost one year ago, Congress authorized the first $1,200 stimulus checks to help Americans cope with the unprecedented coronavirus pandemic.