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 […]
5 Myths About High-Yield Savings Accounts During COVID-19
Last year’s savings rates of 2% and higher have come and gone, but that doesn’t mean high-yield savings accounts disappeared. “There are high-yield savings accounts out there, but it’s all relative,” says Mike Schenk, chief economist for the Credit Union National Association. Read the Article >>
How To Cope If The Covid-19 Pandemic Has Stretched Your Finances To The Limit
Americans say they’re saving money. Retail spending is up. Low interest rates have sparked the housing market and the stock market has rebounded from its initial pandemic dive. Read the Article >>
Grandma Wants Digital Banking Too — Don’t Ignore Her Needs
Banks that speak about digitizing often focus on attracting Generation Z and millennials. While these groups are important, another crucial demographic is being left out of the conversation: senior citizens. Read the Article >>