Third stimulus check: Will you get a stimulus check — and how much?
President Joe Biden’s $1.9 trillion coronavirus relief plan would provide a third round of federal stimulus checks to millions of Americans. Yet a new agreement between Mr. Biden and moderate Democratic Senators would limit the number of households that would qualify for the $1,400 checks, cutting off millions of other Americans who had been hoping for the stimulus money. […]
Two Ways Policy and Technology Can Support Struggling Student Loan Borrowers
Student debt remains a critical topic for both borrowers and policymakers. Many borrowers now face the added financial challenge of unemployment as a result of the pandemic, and policymakers are urgently seeking ways to support these individuals. Now consider that Black and Latinx borrowers are disproportionately affected by the economic fallout from the pandemic, while […]
COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing.
Millions of “financially vulnerable” Americans have grown even more vulnerable during COVID-19, with lower-income households more likely to have experienced declines in their financial well-being, according to new data released Thursday.
New Financial Health Pulse Data Shows Millions of Americans Still Financially Struggling Amid Ongoing Pandemic
Food insecurity and fear of eviction pervasive among those hardest hit financially by pandemic with many borrowing money or cutting back on healthcare visits and medication
Frugal Solutions
The Financial Solutions Lab is showing how traditional financial organizations can co-create with nonprofits and entrepreneurs to improve the financial health of all Americans. Read the article on Stanford Social Innovation Review >>
PSCU Announces Findings of “How Credit Unions Can Become Financial Health Providers” Study
In continued support of its corporate philanthropic cause of financial well-being, PSCU, the nation’s premier payments credit union service organization (CUSO), today announced the findings of a new study, “How Credit Unions Can Become Financial Health Providers,” that assessed the financial health of credit union members and employees against a national benchmark. The study was […]
This Is Exactly How Financial Stress Affects Your Body
Lori, a New York City-based entrepreneur, is no stranger to financial uncertainty given her line of work. But between the monetary sacrifices involved in starting a business, high cost of city living, and the fiscal consequences of the pandemic, financial stress began to take a toll, she tells Bustle. But it’s not just the economic […]
How Measurement Can Put Teeth Behind Stakeholder Capitalism
The new commitment to Stakeholder Capitalism Metrics by the World Economic Forum is the first step on a journey to improving the lives of all stakeholders - including customers, employees, and communities.
Getting “WISER” on Addressing Unmet Needs Among Independent Workers
FSL provided WISER a $75,000 general operating grant to ensure it can continue to support to independent workers in rural Appalachia.
Why banks are rewarding customers for exercising
There is evidence of a correlation between physical and financial health, according to the 2019 U.S. Financial Health Pulse trends report from the Financial Health Network, a research organization formerly known as the Center for Financial Services Innovation. Read the Article >>
Two Simple (And Unusual) Ways To Help American Families Build Emergency Savings
The importance of emergency savings is well-documented. According to research published in January 2020 by Bankrate, four out of 10 Americans would need to borrow money to cover a $1,000 emergency expense. Or, to put it another way, many low-income American families lack the savings to cover one month’s worth of living expenses. Read the […]
The GameStop Stock Frenzy Is Turning Into A Cautionary Tale For Fintech
When a crusading group of retail traders decided last week to bid up the price of GameStop GME shares, the target was Wall Street. Empowered by Reddit and the commission-free trades of Robinhood’s online trading app, they succeeded in putting the squeeze on hedge funds that had shorted GameStop. Read the full article on Forbes […]