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U.S. Financial Health Pulse: 2018 Baseline Survey Results
In this initial study, the Financial Health Network reveals how we’re faring financially and the trends shaping our financial health.
3 Factors that Shape Financial Health in America
By Thea Garon Director, Financial Health Network Despite a surging stock market and record-low unemployment, millions of Americans are struggling financially. Nearly half of Americans (47%) say their spending equaled or exceeded their income in the last year. One in three people (30%) say they have more debt than is manageable. More than a third…
Media Mentions
Three Revenue Models Support Financial Security For Consumers
In this article from the Financial Brand, writer Jim Marous draws on insights from the U.S. Financial Health Pulse and a study from the Omidyar Network and Oliver Wyman to describe three sustainable revenue models fintech companies can adopt for to serve the underserved.
Most Americans Aren’t Financially Healthy Despite Booming Economy, Survey Finds
James Rufus Koren, of the Los Angeles Times, covers the Financial Health Pulse, and talks about the Pulse in context of the Federal Reserve’s annual survey, with comments from researcher Stephen Miller and economist Chris Thornberg. “The economy is growing, unemployment is low and, lately, workers are starting to see some wage gains. But a […]
Behind the Latest Rosy Jobs Figures, Here’s the ‘True State’ of Americans’ Financial Lives
In this article, MarketWatch’s Kari Paul covers the Center for Financial Services Innovation’s U.S. Financial Health Pulse, posing the question: “Unemployment is at a 48-year low, so why are only 28% of Americans considered ‘financially healthy’?” “The finances of Americans may not be as good as they look from the outside. Despite optimistic metrics like […]
Report: Just 28% of Americans are ‘Financially Healthy’
In this article JT Crowe, of Money and Markets, covers the Center for Financial Services Innovation’s U.S. Financial Health Pulse and considers what Americans can do to be more financially fit. “The economy is booming, the stock market is enjoying a record bull run, consumer confidence is near an all-time high, unemployment is at a […]
U.S. Added 250,000 Jobs in October; Unemployment at 3.7%
Low wages in many sectors have contributed to financial instability. More than a quarter of Americans don’t earn enough to cover basic expenses, while more than a third are unable to pay all their bills on time, according to a report released Thursday by the Center for Financial Services Innovation, which is funded by nonprofit foundations and several banks.
Survey Finds Americans’ Financial Health Shaky
In this article from the AARP, senior policy advisor Catherine Harvey writes about findings from the inaugural U.S. Financial Health Pulse report. “Stock market trends, the unemployment rate and other macroeconomic measures don’t always reflect people’s everyday financial lives,” said Catherine Harvey, senior policy advisor in the AARP Public Policy Institute. “The U.S. Financial Health […]
Study: Majority of Americans Struggling with Finances
This article posted in the ABA Banking Journal, summarizes findings from the Center for Financial Services Innovation’s U.S. Financial Health Pulse. “Just 28 percent of Americans — approximately 70 million people — are financially healthy, according to the Center for Financial Services Innovation’s inaugural U.S. Financial Health Pulse report released today. Fifty-five percent of Americans […]
Most Americans Struggle Financially, But Will It Guide Innovation?
Bank Innovation’s Jake Martin covers the Center for Financial Services Innovations U.S. Financial Health Pulse data in this article. “A benchmark survey from the Center for Financial Services Innovation released today looked past the headlines and into the lives and habits of Americans across the financial spectrum. The results were troubling, reassuring, and everything in […]
You Can’t Change What You Can’t See: Taking America’s Financial Health Pulse
In this blog, posted in Next Billion, the Center for Financial Services Innovation’s Jennifer Tescher provides the context of why the U.S. Financial Health Pulse is so important to affecting real positive change for consumer financial health. “Just last week, the FDIC’s National Survey of Unbanked and Underbanked Households revealed that the number of unbanked […]
Despite the “Good Economy,” Only 28% of Americans Are Financially Healthy
By some measures, the American economy is booming. Corporations are raking in profits. Unemployment is low. But wages are still stagnant, and a new report says that only 28% of Americans can be considered financially healthy.
Inaugural U.S. Financial Health Pulse Report Finds Only 28 Percent of People in America are Financially Healthy
Landmark Financial Health Pulse from the Financial Health Network delves beyond headline economic data to reveal people in America are struggling in many aspects of their financial lives Chicago, IL – Nov. 1, 2018 – The Financial Health Network, the nation’s authority on consumer financial health, in partnership with the Omidyar Network, MetLife Foundation, and […]
Fintech and the Search for Full Stack Financial Inclusion
We’re encouraged by Federal Reserve Governor Lael Brainard’s commitment to financial health. During her remarks at FinTech, Financial Inclusion – and the Potential to Transform Financial Services, a conference hosted by the Federal Reserve Bank of Boston and the Aspen Institute, she said, “This April, the Center for Financial Services Innovation announced the launch of a […]
