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U.S. Financial Health Pulse: 2020 Trends Report
Discover key findings from the 2020 U.S. Financial Health Pulse regarding Americans' financial health, including profound disparities across race and ethnicity.
Neighborhoods Matter: The Power of Place in Shaping Financial Health
The places where people live, work, play, and worship are tightly tied to their ability to be resilient during unexpected challenges and to seize opportunities over time. This brief highlights the role of place in financial health, as well as the opportunity for place-based solutions to improve the financial lives of residents and communities.
Media Mentions
How to donate your $600 stimulus check to people in need
Over the weekend, Congress reached a deal for a new $900 billion Covid-19 relief package, which includes funding for stimulus payments of up to $600. Read the Article >>
Life got worse for the have-nots this year. Banks can help change that.
This year marked an unprecedented time in many ways, including for the financial health of American households. And with so many competing headlines, it can seem nearly impossible to make sense of it all. Read the Article >>
Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
Amid the pandemic, a ceiling on payday loans extends … state by state. Read the Article >>
America’s racial wealth gap hits home—what can be done about it
Black people make up 13% of the U.S. population, but only have 2.5% of the nation’s wealth Read the Article >>
‘A tale of two Americas’: How the pandemic is widening the financial health gap
Over two-thirds of Americans are financially unhealthy, with millions facing “extreme financial hardship,” according to the U.S. Financial Health Pulse Trends Report, released today. And as the stock market continues to strengthen, the average American is still struggling, with unemployment rates still far above pre-pandemic highs and another round of coronavirus stimulus seemingly far off. Read the Article >>
Death Spiral for Consumers
Despite some recent good news about dwindling household debt, the financial health of U.S. consumers is rapidly deteriorating — and families with children are faring the worst. Read the Article >>
COVID Crushing Millennial Finances — What Bankers Need to Know
The Lockdown Recession has given Millennials another major economic smack in the face, bookending the 9/11 attacks and the Great Recession on one side with the pandemic on the other. The coronavirus slump hit just as they were beginning to find their financial feet.
Fintechs Team Up With Banks to Help Students Mired in Debt
Student loan debt isn’t just a financial problem for consumers. It’s an emotional problem, too. Read the Article >>
When are stimulus checks coming? Money set to roll out to Americans next week
“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 >>
Checks Won’t Cut It: Getting COVID-19 Relief To The Most Vulnerable
In all likelihood, the federal government will be sending out tens of millions of paper checks in the coming weeks and months to those who qualify for aid under the Coronavirus Aid, Relief, and Economic Security Act. Read the Article >>
Even with the recent strong economy, many Americans are struggling—ex-Fed chair Janet Yellen explains why
Less than a third of Americans consider themselves to be financially healthy. In fact, more than half report struggling with some aspect of their financial lives, according to a comprehensive survey released in November by the Financial Health Network. Read the Article >>
