The coronavirus crisis thrusts corporate HR chiefs into the spotlight
In a pandemic, a chief people officer can make or break a company. Read the Article >>
14 Banks Helping Customers Affected by Coronavirus
Banks are offering a plethora of financial hardship assistance programs to those affected by COVID-19. Read the Article >>
Many People with Employer-Sponsored Insurance Would Face High Out-of-Pocket Costs for COVID-19 Treatment
Early US cases of COVID-19 indicate treatment for the virus will require hospitalization for many affected adults of all ages. Data from China show a median hospital stay of 12 days, and recent projections (PDF) estimate an 8-day stay if critical care is not required and a 16-day stay, including 10 days in the intensive care unit (ICU), for […]
How to Build an Emergency Fund in the Middle of an Emergency
“The answer can’t be to do nothing,” said John Thompson, chief program officer of the Financial Health Network, a nonprofit focused on financial innovation. Read the Article >>
Coronavirus Recession Looms, Its Course ‘Unrecognizable’
The U.S. economic outlook darkens daily, with millions facing unemployment and businesses in a steep decline. Read the Article >>
Banks supplement benefits to help employees affected by coronavirus
As the novel coronavirus spreads throughout the U.S., banks are adding extra benefits for employees working in branches as well as those pulled away from work to deal with illness and caregiving responsibilities. Read the Article >>
Here’s exactly what banks are offering to do to help Americans affected by coronavirus
Tens of thousands of Americans are facing unemployment as the coronavirus pandemic continues to affect daily life for cities and towns across the U.S. Read the Article >>
The Coronavirus is a Financial Catastrophe for Workers and Residents
Seventy-one percent of American households are considered financially unhealthy, and the global coronavirus pandemic is now crashing headlong into our years-in-the-making financial health epidemic, resulting in a mutually reinforcing downward spiral.
To solve the economic crisis, we will have to solve the health-care crisis
In Washington, the focus has now turned to the economic response to the coronavirus pandemic, with experts and politicians proposing their preferred policy tools — ranging from tax cuts to corporate bailouts to direct payments of cash. Each is worth debating, but the focus is misplaced. This is not an economic crisis; it is a health-care crisis. […]
Spread Financial Empathy Instead Of Coronavirus
The virus will bankrupt more people than it kills” predicted Jennifer Tescher, CEO of the Financial Health Network. “Missing even one paycheck can have a domino effect for families, leaving a trail of missed mortgage or rent payments, utility shut-offs, unpaid bills.” Read the Article >>
U.S. Financial Health Pulse Fact Sheet: COVID-19
Looking at existing data on financial health pre-crisis can help us size up its potential downstream effects.
How Coronavirus Highlights the Insurance Gap for Gig Workers
Gig workers comprise a growing portion of the American workforce, with 1 in 10 U.S. workers relying on gig work as their primary source of income. Without adequate health insurance, many gig workers are unprepared to deal with the financial shock of a major injury or illness.