By Chandni Ohri, Director, Financial Health Network The financial services industry has been trying to regain the trust and rebuild the relationship with their customers after the fallout of the 2008 financial crisis. In their efforts to regain trust and engage with customers, financial institutions are launching new initiatives focused on financial health and wellness….

In recognition of #FinHealthMatters Day, we reflect on our efforts to advance the cause of financial health which include research and building partnerships with leading organizations and our network of Members.

Alex Mooradian and his co-founder Michael Bovee teamed up to figure out how to help people in debt better handle unexpected financial crises such as a loss of job or medical emergency. Together they built Resolve, a free platform that creates a custom debt relief plan for users. The platform connects people with an integrated […]

There is increasing awareness among community colleges and universities regarding the link between student financial health and academic success. In 2018, working closely with a cohort of innovative colleges and universities, Financial Health Network developed a new, holistic framework for not only understanding, but also assessing and measuring student financial health.

The data set contains responses from more than 5,000 individuals to 100+ questions about how people are spending, saving, borrowing, and planning.

As fellows at the Robin Hood Foundation, Paul Barnes-Hoggett and Avi Karnani spent a lot of time thinking about how to help people increase their income. The co-founders created Alice, software that helps people keep more of what they earn by automating pre-tax spending on everyday things like commuting, childcare, and healthcare. Barnes-Hoggett sat down […]

By Andrew Dunn, Senior Associate, Financial Health Network For years, financial planners described the financial lives of individuals over 50 as following a predictable life cycle. The “traditional” path typically included diligently saving in an employer-provided retirement account, paying off a mortgage, then fully retiring while reducing expenses in order to live comfortably. However, this…

Imagine going to your smart phone to view your checking balance and seeing two numbers instead of one. The first number is the traditional available balance. The second is an estimate –more often than not, a smaller number — that projects what your balance will be one, two or three days from now.