Workplace and Healthcare Leaders Join the Financial Health Network
We’re excited to welcome two experts to the team that will drive workplace and healthcare financial health strategies forward: Matt Bahl and Adrienne White-Faines.
Diverse Compensation Plans Are a Win-Win for All
Despite a recent Gallup poll that found only 55% of Americans reported owning stock, a Rutgers study showed that most Americans report they would prefer to work for a company that gives them a stake in the business. Read the Article >>
It’s Time to Tie Bank Profits to Customers’ Financial Health
America’s current financial system is essentially broken for the many working Americans who live on the edge financially. Mismatched incentives are at the heart of the problem. One has only to look at the sad history of payday and car title loans, subprime mortgages, or bank overdraft “protection” schemes for examples of financial products and […]
Have banks, fintechs compete to bring banking services to post offices
Banking services have long been offered national post offices in other countries, making basic account, savings and payment services widely available to populations who might not otherwise have access to them. Read the Article >>
Death Spiral for Consumers
Despite some recent good news about dwindling household debt, the financial health of U.S. consumers is rapidly deteriorating — and families with children are faring the worst. Read the Article >>
COVID Crushing Millennial Finances — What Bankers Need to Know
The Lockdown Recession has given Millennials another major economic smack in the face, bookending the 9/11 attacks and the Great Recession on one side with the pandemic on the other. The coronavirus slump hit just as they were beginning to find their financial feet.
Why Undocumented Workers Deserve to Be Included in the Social Safety Net
Lack of access to the social safety net has consistently hindered pathways to financial health for undocumented immigrants. Expanding eligibility for benefits to undocumented immigrants, during the pandemic and beyond, would increase financial stability for their families and most likely bolster the economy as a whole.
Leveraging Fintech for Financial Health
Lessons from the Financial Health Network’s Chicago Nonprofit Fintech Distribution Pilot Program In 2019, Financial Health Network led a pilot program, funded by the JP Morgan Chase Foundation, with Chicago-based nonprofit organizations to explore the role of fintech as part of existing financial coaching services for clients, particularly clients with low incomes. The pilot […]
Fintechs Team Up With Banks to Help Students Mired in Debt
Student loan debt isn’t just a financial problem for consumers. It’s an emotional problem, too. Read the Article >>
Eviction Prevention: Tips for Effective Resident Engagement
Provided by NeighborWorks America, this research examines the most common reasons for loss of rental housing and identifies which resources vulnerable renters need to achieve housing stability.
Hey, Personal Finance Apps: How About Serving Older People?
What online and mobile money tools do wrong and how to fix it Read the Article >>
Balancing Today, Building Tomorrow: How Financially Coping Americans Plan, Save, and Invest
Even before COVID-19, millions of Americans were struggling financially, with more than half the population classified as Financially Coping. As job losses mount, savings are spent down, household debt grows, and investments shrink during the pandemic, Americans need financial support more than ever. This new research sheds light on how providers can support the saving and investing behaviors of Financially Coping consumers, ultimately improving both their immediate and long-term financial health.