Preparing for a New Era of Financial Wellness
The year 2020 has felt like a lot of things for many of us, ‘the worst year ever’ among one of them, according to The Guardian. And if this year were to play a character from a Hollywood film, I’d cast her as Catwoman in 1992’s Batman Returns. To refresh your cinematic memory, Michelle Pfeiffer […]
The Case for Stimulus: New Pulse Data Show Stimulus Payments Provided Valuable Lifeline to Unemployed Workers
By Thea Garon, Senior Director, Necati Celik, Associate and Andrew Dunn, Manager, Financial Health Network Since mid-March, the United States has lost more than 21 million jobs amid the COVID-19 pandemic. In order to help people get by, the Treasury Department began distributing recovery rebates, or “stimulus payments,” on April 11 as part of the…
How fintech mentorships have adapted during the pandemic
Hashing out ideas on a whiteboard. Networking with fellow entrepreneurs over drinks. Poring over plans with mentors. Pitching a roomful of investors. Read the Article on American Banker >>
Financial Solutions Lab snags additional $10 million for fintechs tackling Covid crisis
The Financial Solutions Lab, an initiative launched and managed by the Financial Health Network and JPMorgan Chase, has received an additional $10 million commitment by Prudential Financial, expanding the coffers to $60M over a 10-year period. Read the Article on Finextra >>
Financial Solutions Lab Reaches $60 Million in Funding to Advance the Financial Health of Underserved Communities With New Investment from Prudential Financial
Prudential Financial joins the Financial Health Network and JPMorgan Chase to scale financial and technical support for fintechs that are developing solutions for underserved communities Four new fintech innovators selected for sixth accelerator cohort to improve worker and student financial health CHICAGO – June 22, 2020 – The Financial Solutions Lab, an initiative launched […]
Beyond Messaging: Financial Health Is No Longer a Nice-To-Have
We’ve long known from research and practice about the business case for advancing financial health. The coronavirus escalated the already precarious state of financial health of Americans everywhere and Financial Health Network Members took notice.
Policy Perspective: Supporting Consumers in a Financial Health Crisis
Author: Dan Murphy One striking feature of the Covid-19 economic crisis is just how different it is from our most recent financial crisis. While the subprime mortgage crisis began with an immediate shock to financial markets, the economic crisis brought about by this pandemic began with an immediate shock to public health that quickly impacted…
The Complexities of Caregiving: Financial Health and the Aging Crisis
Research overwhelmingly shows that health shocks can have dramatic and long-term implications for financial health. This is especially true for the elderly. Among all the statistics, it is clear that there will be more elderly people dependent on fewer younger people with an ever-increasing list of challenges, making financial health for all less attainable.
Start Here: A Step-by-Step Guide to Impact Evaluation
Understanding why you want to conduct impact evaluation is the first step in determining how you should do it.
The Case for a Place-Based Approach to Financial Health
By Necati Celik Associate, Financial Health Network Place is security, space is freedom: we are attached to the one and long for the other. Yi Fu Tuan, 2001: 3 There’s no place like home. Due to the pandemic, home has now become both the workplace and the playground for many of us. But what is…
Motivating Change: Behavioral Economics and Financial Health
By Heidi Johnson Director, Financial Health Network Director Heidi Johnson joined the Financial Health Network team in 2019 to lead our work applying behavioral insights to the design and delivery of financial health products. She comes to our organization from the Consumer Financial Protection Bureau, where she led a behavioral research program and contributed to…
Turning the Tide: Addressing Climate Change and Financial Health
By Eric Wilson Senior Associate, Financial Health Network As a data analyst at the Financial Health Network, I spend a lot of time with our U.S. Financial Health Pulse data set, searching for possible drivers of financial health. So, when combing through survey participants’ descriptions of shocks to their household finances, I found a number…