The Financial Health Network shares the grief and anger of Americans everywhere as we struggle to process the recent and senseless deaths of black people as well as the ensuing public demands for accountability. We unequivocally condemn any and all forms of racism and discrimination, and we recognize the pain and trauma being inflicted on […]

As America continues to reopen, banks and credit unions have an opportunity to show consumers how to regain their financial footing in an economy walloped by coronavirus closings. Ultimately, helping create financial well-being could mean more than product sales.

When COVID-19 hit our economy, workplaces were focused on reacting and responding (often in real time) to address and mitigate the fallout to their business and workforce. The toll on both has been substantial. Every workplace and every worker has been impacted, and industries like retail and hospitality and low- and moderate-income workers have borne […]

Optimism is high among workers that they can return to their pre-pandemic jobs, but economists warn over 40 percent of job losses could become permanent. Read the Article >>

Millions of Americans have already received their economic relief payment from the government, and millions more will be receiving it in the coming weeks, in an effort to stave off severe financial woes amid the coronavirus pandemic. Read the Article >>

Half the country has been personally economically impacted by the coronavirus pandemic, and overwhelming numbers of Americans do not think schools, restaurants or sporting events with large crowds should reopen until there is further testing, according to a new NPR/PBS NewsHour/Marist poll.   Read the Article >>

Many of the millions of restaurant, hotel and store workers affected by shutdowns are expected to fall behind on rent and other bills.

While millions of Americans are counting the days until their stimulus checks arrive, many fear that the one-time $1,200 payment won’t go very far.   Read the Article >>

With the first direct payments to U.S. adults from the Coronavirus Aid, Relief, and Economic Security (CARES) Act set to hit bank accounts this week, 35% of U.S. adults intend to use the money primarily to pay bills. Another 16% say they will purchase essential items like food or gas with the money. Twenty-nine percent […]

“Once again, the greatest burdens will be shouldered by the most vulnerable among us, when instead we should be doing everything to give them a leg up,” Jennifer Tescher, president and CEO of Financial Health Network, a non-profit authority on consumer financial health, said in a note. Read the Article >>

As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk. Read the Article >>

A message appeared this week on the Notify NYC text feed, New York City’s official source of information about emergency alerts and city services; it was squeezed in between an update on how students can pick up grab-and-go meals at the entrance of their local school and the latest advice on containing the virus:   Read the […]