The U.S. Financial Health Pulse: Establishing a Baseline and Looking Ahead
In November, we released the inaugural 2018 Baseline Report which established a baseline to track changes in financial health over time. In 2019, we plan to build upon the foundation we laid this year.
A Sharing of Ideas: How cross-country exchanges can foster innovation
Recently, Financial Health Network and MetLife Foundation hosted five social entrepreneurs from South Korea to exchange ideas and learnings with U.S. nonprofits, social enterprises, impact investors and financial health fintech companies. There were three main themes that made an impact on the South Korean social entrepreneurs.
Fintech Founder Q&A: Goalsetter
Pictured: Tanya Van Court, CEO and founder of Goalsetter Kids with savings accounts in their name are six times more likely to go to college and four times more likely to own stocks as young adults. Having worked as a leader in preschool and parenting digital products at Nickelodeon, Tanya van Court knew a lot […]
Technology is Making Parking Tickets Obsolete. Are Overdrafts Next?
Frequent debit card use makes it difficult to keep a diligent check register that accounts for pending payments. Behaviorally informed personal finance apps and smart checking account features have already begun to remove some of the uncertainties posed by recurring cash management challenges, just as smart meters have taken much of the gambling out of parking.
Measuring Financial Health Part 2: 6 Tips for Measuring Your Customers’ Financial Health
Here are six tips discussed in our recent webinar featuring innovative companies who have been using our FinHealth Score Toolkit to measure their customers' financial health.
Three Revenue Models Support Financial Security For Consumers
In this article from the Financial Brand, writer Jim Marous draws on insights from the U.S. Financial Health Pulse and a study from the Omidyar Network and Oliver Wyman to describe three sustainable revenue models fintech companies can adopt for to serve the underserved.
Most Americans Aren’t Financially Healthy Despite Booming Economy, Survey Finds
James Rufus Koren, of the Los Angeles Times, covers the Financial Health Pulse, and talks about the Pulse in context of the Federal Reserve’s annual survey, with comments from researcher Stephen Miller and economist Chris Thornberg. “The economy is growing, unemployment is low and, lately, workers are starting to see some wage gains. But a […]
Behind the Latest Rosy Jobs Figures, Here’s the ‘True State’ of Americans’ Financial Lives
In this article, MarketWatch’s Kari Paul covers the Center for Financial Services Innovation’s U.S. Financial Health Pulse, posing the question: “Unemployment is at a 48-year low, so why are only 28% of Americans considered ‘financially healthy’?” “The finances of Americans may not be as good as they look from the outside. Despite optimistic metrics like […]
Report: Just 28% of Americans are ‘Financially Healthy’
In this article JT Crowe, of Money and Markets, covers the Center for Financial Services Innovation’s U.S. Financial Health Pulse and considers what Americans can do to be more financially fit. “The economy is booming, the stock market is enjoying a record bull run, consumer confidence is near an all-time high, unemployment is at a […]
U.S. Added 250,000 Jobs in October; Unemployment at 3.7%
Low wages in many sectors have contributed to financial instability. More than a quarter of Americans don’t earn enough to cover basic expenses, while more than a third are unable to pay all their bills on time, according to a report released Thursday by the Center for Financial Services Innovation, which is funded by nonprofit foundations and several banks.
3 Factors that Shape Financial Health in America
By Thea Garon Director, Financial Health Network Despite a surging stock market and record-low unemployment, millions of Americans are struggling financially. Nearly half of Americans (47%) say their spending equaled or exceeded their income in the last year. One in three people (30%) say they have more debt than is manageable. More than a third…
Survey Finds Americans’ Financial Health Shaky
In this article from the AARP, senior policy advisor Catherine Harvey writes about findings from the inaugural U.S. Financial Health Pulse report. “Stock market trends, the unemployment rate and other macroeconomic measures don’t always reflect people’s everyday financial lives,” said Catherine Harvey, senior policy advisor in the AARP Public Policy Institute. “The U.S. Financial Health […]