Most Americans Struggle Financially, But Will It Guide Innovation?
Bank Innovation’s Jake Martin covers the Center for Financial Services Innovations U.S. Financial Health Pulse data in this article. “A benchmark survey from the Center for Financial Services Innovation released today looked past the headlines and into the lives and habits of Americans across the financial spectrum. The results were troubling, reassuring, and everything in […]
You Can’t Change What You Can’t See: Taking America’s Financial Health Pulse
In this blog, posted in Next Billion, the Center for Financial Services Innovation’s Jennifer Tescher provides the context of why the U.S. Financial Health Pulse is so important to affecting real positive change for consumer financial health. “Just last week, the FDIC’s National Survey of Unbanked and Underbanked Households revealed that the number of unbanked […]
Despite the “Good Economy,” Only 28% of Americans Are Financially Healthy
By some measures, the American economy is booming. Corporations are raking in profits. Unemployment is low. But wages are still stagnant, and a new report says that only 28% of Americans can be considered financially healthy.
Inaugural U.S. Financial Health Pulse Report Finds Only 28 Percent of People in America are Financially Healthy
Landmark Financial Health Pulse from the Financial Health Network delves beyond headline economic data to reveal people in America are struggling in many aspects of their financial lives Chicago, IL – Nov. 1, 2018 – The Financial Health Network, the nation’s authority on consumer financial health, in partnership with the Omidyar Network, MetLife Foundation, and […]
Fintech and the Search for Full Stack Financial Inclusion
We’re encouraged by Federal Reserve Governor Lael Brainard’s commitment to financial health. During her remarks at FinTech, Financial Inclusion – and the Potential to Transform Financial Services, a conference hosted by the Federal Reserve Bank of Boston and the Aspen Institute, she said, “This April, the Center for Financial Services Innovation announced the launch of a […]
It’s Open Enrollment Season, and the Retirement Industry Should Sign Up for Fintech
Benefits season is the most important moment of the year for Americans to take positive action for their long-term financial health — and now more than ever before because American workers are not financially prepared for their life after work.
The Riddle of Overdrafting
Much about overdrafting behavior remains a mystery. Given the small amounts and short periods by which overdrafts occur, why aren’t many of them avoidable?
Jo Ann Barefoot Podcast Featuring Jennifer Tescher
Don’t miss CEO and President Jennifer Tescher as she speaks with Jo Ann Barefoot on financial health, research, and more. Listen here>>
The end of the two-week pay cycle: How every day can be payday
Companies like Even, Stripe and Green Dot are changing the speed of pay cycles to help lower- and middle-income earners avoid predatory lenders. Read this article from MarketWatch to learn about these on-demand payment companies. Read the article >>
Financial Solutions Lab Launches Year-Five Competition to Support Workplace Financial Health Tech Solutions as Part of Multiyear, $30 Million Initiative
Competition to focus on fintechs and employers that offer a diverse range of workplace financial wellness programs and solutions for underserved workers 08:00 AM CT NEW YORK–(BUSINESS WIRE)–Today the Financial Solutions Lab (FinLab) at the Financial Health Network with founding Financial Solutions Lab partner JPMorgan Chase & Co. officially launched its Fifth Annual Challenge (Challenge), […]
The Opportunities and Threats of Insurtech for the Average Insurance Consumer
In this article, Theresa Schmall addresses the opportunity for insurance providers to embrace innovative technology that benefits both businesses and customers alike. Read the article >>
The Convenience of Blaming The Other Guy
Could overdrafting and payday borrowing actually compound each other, leading to greater use of both products? We asked the banks to compile some key behavioral statistics before and after the discontinuation of their “deposit advance” programs.