Financial Health and Higher Education: The Power of Assessing Student Financial Health
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.
Fintech Founder Q&A: Petal
Too many Americans slip through the cracks of the banking system because they have poor or non-existent credit. For the founding team of Petal–Jason Gross, Andrew Endicott, David Ehrich, and Jack Arenas–figuring out a way to expand credit access for new-to-credit consumers was a driving force in building their business. Their company offers a safe, […]
New Data, New Insights: Releasing the 2018 Pulse Data Set
The data set contains responses from more than 5,000 individuals to 100+ questions about how people are spending, saving, borrowing, and planning.
With Many Just A Paycheck Away From Financial Ruin, Employers And FinTech Can Help
Sixty percent of households in America have experienced a financial shock in the past 12 months, according to Pew research. Close to 800,000 federal government employees were affected by the Dec 2018 – Jan 2019 government shutdown, forcing them to go without a paycheck for 35 days and giving this statistic a face. In her inaugural […]
Is The Future Of Financial Health The Self-Driving Wallet?
“Imagine a Siri-like assistant that is part accountant, part budgeting guru, part fortune teller, constantly monitoring and learning from your financial data in order to manage your money.” In her second Forbes contribution, Jennifer Tescher describes the future of the fintech and the financial health industry. Read the article >>
Fintech Founder Q&A: Alice
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 […]
Challenges Threaten the Financial Health of Low- to Moderate-Income 50+ and Require Innovative Solutions
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…
Financial Retronovation #2: Resurrecting the check register…with an AI assist
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.
Fintech Founder Q&A: Sixup
What is the origin story of your company? I grew up a high-achieving, low-income student and was the first in my family to go to college. Like myself, many people on Sixup’s team share a similar background. We believe the path to and through college is broken and that the student loan financing system must […]
Financial Solutions Lab Welcomes Five Fintech Innovators to Boost Workplace Financial Health as Part of Five-Year, $30 Million Initiative
Winners use technology to offer underserved workers targeted workplace financial wellness solutions January 15, 2019 09:00 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–The Financial Health Network, along with founding partner JPMorgan Chase & Co., today announced the fifth cohort of Financial Solutions Lab winners, focused on improving financial health at the workplace for underserved workers. The […]
Five Financial Health Startups now Under the Wing of JPM, Financial Health Network
The Financial Solutions Lab, a joint initiative of JPMorgan Chase and the Financial Health Network, on Tuesday announced the winners of its fifth annual competition designed to identify solutions to different consumer financial challenges. This year’s theme was centered on financial health in the workplace, including underserved workers. Read the Article on Amerian Banker >>
Financial Retronovation #1: Earmarking Income
One important way to avoid running out of money at the ends of the month is to set aside or “earmark” money as it comes in for bills you know you’ll need to pay.