To measure the financial health of customers amid the economic devastation of COVID-19, organizations can leverage their own existing data and evaluate the rate of change in these metrics over time.

For older generations, who face the greatest health risks from COVID-19, the need to shift their financial management systems online is critical, but several key barriers deter older adults from adopting fintech products and services.

More than 33 million Americans have filed for unemployment since March – a new record. Yet even during the economic expansion of the last decade, the U.S. Financial Health Pulse shows that only 29% of Americans are considered financially healthy.

We have compiled behavioral science research on financial decisions to understand the challenges people may be facing and share our tips for how to spend savings and rework bills and debt to support financial health in a pandemic.

By Thea Garon, Senior Director and Andrew Dunn, Manager, Financial Health Network The COVID-19 pandemic and its economic fallout are likely to have the largest impact on those who are already struggling financially. Survey data from the University of Southern California and the U.S. Financial Health Pulse show that Financially Vulnerable Americans believe they are…

Even before the pandemic, the lives of financially struggling students were overwhelmingly complex. For financially vulnerable students, a disruption this large can have devastating long-term impacts, including failure to re-enroll once the pandemic ends.

By Steve Arves, Manager, Financial Health Network The economic fallout from the COVID-19 pandemic has taken an exacting toll on many people’s retirement savings. Over the last month, the stock market took its largest dip in years, wiping out trillions of dollars in savings overnight. While it’s too soon to say whether these losses will…

There is also an opportunity to advance large employers’ understanding of the financial health challenges of workers, so they can better assess and implement financial health interventions in the workplace.

By Beth Brockland Senior Director, Financial Health Network March 26, 2020 Reading about the coronavirus pandemic feels a little bit like watching the world unravel before our very eyes. Every day brings new stock market lows and emergency measures. At the same time, people all over the country are demonstrating remarkable acts of humanity, practicing…

Gig workers comprise a growing portion of the American workforce, with 1 in 10 U.S. workers relying on gig work as their primary source of income. Without adequate health insurance, many gig workers are unprepared to deal with the financial shock of a major injury or illness.

We used the Financial Health Network Compass Principles, a set of quality standards for products and services that support financial health, to assess HSAs and IHRAs.

By Tanya Ladha, Senior Director at Financial Health Network Saving money is hard. So hard, in fact, that experts and academics have spent decades studying human behavior in an effort to make it easier for us, designing tricks and hacks that help us save — automating savings (think 401k retirement plans, created for us to set-it-and-forget-it), turning…