2025 FinHealth Spend Report Shows the Price of Participation in America’s Financial System Hit $455 Billion in 2024, with Financially Vulnerable Bearing the Heaviest Burden
Fees and interest surged by nearly $100B over two years as student loans resumed and credit card debt grew, costing Financially Vulnerable households 17 times more of their income than Financially Healthy households.
FinHealth Spend 2025: The Cost of Financial Services For American Households
Financial Health Network research reveals that Americans spent $455 billion in financial services fees and interest in 2024 as credit costs, student loans, and deep inequities strain households.
FinHealth Spend Report 2024
Amidst a year of high interest rates and decelerating inflation, spending on financial services tops $400 billion for the first time.
Comment on the Interpretive Rule on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans
The Financial Health Network appreciates this opportunity to comment on the Consumer Financial Protection Bureau’s (CFPB) interpretive rule with respect to the use of digital user accounts to access buy now, pay later (BNPL) loans. The Financial Health Network brings together financial institutions, employers, innovators, and nonprofits all working to achieve financial health for all. The Financial Health Network is a recognized expert on the state of financial health in the United States and on the ways in which various financial products and services affect consumers’ financial health.
FinHealth Spend Report 2023
What are Americans paying for financial services as the country emerges from the COVID-19 pandemic? This year’s FinHealth Spend Report – our long-running national study on the costs of financial services to U.S. households – reveals that spending has soared in the past year amid a turbulent economy and persistent inflation.
FinHealth Spend Report 2022
This year’s annual FinHealth Spend Report examines how households in America managed their finances and accessed credit during the second year of the pandemic, analyzing year-over-year trends for more than two dozen financial products and services.
Financial Health Network Releases New Research Finding that Financially Vulnerable Consumers Most Likely to Use and Struggle With Repaying Buy Now, Pay Later Loans
Data also shows overwhelming majority of users understand terms and are successfully using the product.
Buy Now, Pay Later: Implications for Financial Health
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.