The Financial Health Network uncovers three ways providers can help small businesses access check funds and manage cash flow successfully.
While innovation has led to many new options for consumers to instantly spend and receive money, these tools remain out of reach for millions who are underbanked or struggling to access their funds efficiently and affordably. Learn about the Financial Health Network’s enduring commitment to frictionless transactions for all, plus research and resources for providers seeking to improve payments for their customers and communities.
In this initial study, the Financial Health Network reveals how we’re faring financially and the trends shaping our financial health.
Reduction attributed to student loan debt moratorium, pandemic-related decline in credit card debt and government stimulus funds allowing many to avoid high-cost lending; but underserved populations still pay greater proportion of fees and number of factors indicate likely rise in year ahead.
Data also shows overwhelming majority of users understand terms and are successfully using the product.
In this brief, we leverage findings from a nationally representative survey to better understand the buy now, pay later (BNPL) market, the users who are driving it, and the implications for their financial health.
Challenges continue to impede the distribution of Child Tax Credit payments, especially for those who could benefit from them the most. The Financial Health Network will undertake research, supported by VISA, to determine how long CTC recipients might have waited to receive their payment, how much they might have spent in fees to access their payment, and how they ultimately used their payment.
Thea Garon, Senior Director of the Financial Health Pulse, interviews Liz Powell, Head of Marketing Communications & Insights at doxo, on how stimulus payments and tax refunds influence consumer activity.
One in five families has less than two weeks of liquid savings. For the many U.S. workers living paycheck to paycheck, financial distress can occur in the time between earning and accessing wages.
Watch a presentation and discussion about the challenges that checks place on small business cash flow as small organizations wait for personal and business checks to clear.