Financial Solutions Lab Announcements
Fintech has a powerful role to play in solving financial health challenges in a more inclusive way.
The Financial Lives of Older Adults in the Era of COVID-19
By Jacquelyn Reineke, Manager and Heidi Johnson, Director, Financial Health Network There is no denying that the COVID-19 crisis has turned the world upside down. Everyone has had to deal with daily changes to their routines and come to terms with a new normal, but vulnerable populations — in particular, aging Americans — have faced the most devastating consequences…
How Insurance Must Evolve to Serve Customers in Crisis
By Sarah Parker, Senior Director, Financial Health Network In the midst of the economic crisis brought on by the COVID-19 pandemic, consumers are realizing that insurance is not a nice-to-have; it’s a must-have. Life insurance carriers report a marked increase in interest from new customers who want to purchase policies, as people recognize the importance…
A Broken Criminal Justice System Impacts Financial Health, Too
By Josh Sledge, Senior Director and Arjun Kaushal, Associate, Financial Health Network The tragic murder of George Floyd at the hands of police has once again brought the inequities of the criminal justice system into focus. The violence captured on film has rightfully drawn a passionate response, as protestors demand justice for Floyd and an…
Speaking Out About Racial Discrimination: A Letter To Our Staff
This blog by Jennifer Tescher was shared with the Financial Health Network staff in the wake of the murder of George Floyd at the hands of police and the protests and civil unrest that have followed: Putting emotions into words is hard right now.
Speaking Out Against Racial Discrimination
The Financial Health Network shares the grief and anger of Americans everywhere as we struggle to process the recent and senseless deaths of black people as well as the ensuing public demands for accountability. We unequivocally condemn any and all forms of racism and discrimination, and we recognize the pain and trauma being inflicted on […]
New Pulse Data: Those Who Need COVID-19 Stimulus Most Are the Last to Get It
By David Silberman, Senior Advisor, Financial Health Network The COVID-19 pandemic has caused widespread economic dislocation. Tens of millions of Americans have lost their jobs, at least temporarily, and millions more have seen their hours drastically cut. Those job and wage losses have fallen disproportionately on low-wage workers, especially blacks and Latinos, who are concentrated…
Measuring Financial Health in the Middle of a Pandemic
To measure the financial health of customers amid the economic devastation of COVID-19, organizations can leverage their own existing data and evaluate the rate of change in these metrics over time.
Financial Peace of Mind May Be Key Banking Product in COVID’s Wake
As America continues to reopen, banks and credit unions have an opportunity to show consumers how to regain their financial footing in an economy walloped by coronavirus closings. Ultimately, helping create financial well-being could mean more than product sales.
Reopening the Workplace with an Eye on Financial Health
When COVID-19 hit our economy, workplaces were focused on reacting and responding (often in real time) to address and mitigate the fallout to their business and workforce. The toll on both has been substantial. Every workplace and every worker has been impacted, and industries like retail and hospitality and low- and moderate-income workers have borne […]
Over 33 Million Americans Lost Their Job During the Pandemic
Optimism is high among workers that they can return to their pre-pandemic jobs, but economists warn over 40 percent of job losses could become permanent. Read the Article >>
Fintech for All: Closing the Generation Gap in a COVID-19 World
For older generations, who face the greatest health risks from COVID-19, the need to shift their financial management systems online is critical, but several key barriers deter older adults from adopting fintech products and services.