The overdraft landscape is in transition
One of my biggest pet peeves in all of finance is the overdraft fee. I first wrote in 2019 that we were moving to a world of no overdraft fees. This was before major banks changed anything in response to the fintech push for no overdraft fees.
Banks are raking in billions from overdraft fees, despite stricter regulations. Now for the good news.
Banks continue to rake in billions of dollars from overdraft fees — but they’re making far less from those charges than they used to.
A lifetime of caring for others is leaving mothers broke in retirement
Mothers make a lot of sacrifices for their children, and many do so joyfully. But they may not realize that those tradeoffs could threaten their ability to provide for themselves in their later years.
5 ways to build credit with no credit history
Many times, consumers with no credit history are new to the world of credit. They can find themselves in a Catch-22 scenario, says Jennifer Tescher, founder and CEO of the Financial Health Network in Chicago.
Commentary: Financial vulnerabilities of families of color threaten region’s collective future
What does it mean to be financially healthy? The core tenets of financial health include positive cash flow, manageable debt and the ability to plan. When families achieve these foundational building blocks, they can purchase a home, pay for college and plan for retirement.
Wealth Inequality and the Racial Wealth Gap: New study shows Cook County residents wealth disparity, and the problem is far worse for the Black and Latinx population
Cook County residents experience high financial stress at more than twice the national rate, a new study by Financial Health Network finds.
Cryptocurrency ownership declining more in some groups than others
While it is no surprise that recent market shenanigans have caused investors to shed their cryptocurrency holdings, some are leaving the asset class more than others.
The fight for $15 an hour is no longer enough. It’s time to fight for $20
As an hourly wage, $15 has become so seared in the public’s consciousness as something positive, we’ve lost sight of how little it actually is.
Blaming workers is not the way to improve employee engagement
Gallup recently announced that two-thirds of the U.S. workforce is disengaged. This latest report reflects a general trend of declining worker engagement, despite an increase in the number of employers that are actively branding themselves as "mission" or "purpose" driven.
Episode 484: FinHealth: All About Fresh
In today’s episode we look at finhealth from a different angle. Listen as Jason Henrichs speaks with two leaders bringing financial health, financial services and healthcare, to the next level. MA-based, non-profit, About Fresh and its Co-Founder and CEO, Josh Trautwein and Jennifer Tescher, President and CEO, Financial Health Network and host of Provoke.fm‘s Emerge Everywhere.
Episode 482: The Great Transition & Lessons of History and Hope
The personalization of finance is here. Listen as Brett connects with Emmanuel Daniel about his book “The Great Transition” where Emmanual, founder of The Asian Banker and global thought leader in the future of finance, outlines the transition that the finance industry will go through from its platform stage today into the personalization of finance.
Cook County’s financial divide is a local example of how policies favor the rich
What happens during the budget standoff in Congress could determine whether it becomes harder for average Americans to build wealth and pay their bills.