Queer Financial Health: Checking the Pulse During the Pandemic
Our findings showed that LGBTQ+ people in America were less financially healthy, more stressed about their finances, and more likely to have experienced food, housing, and healthcare insecurity when compared to their non-LGBTQ+ peers.
New Pulse Data Shows Stimulus Payments Jump Started Spending But Funds Slowest to Reach Low-Income Individuals
Chicago, IL, May 20, 2021 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, with support from the Citi Foundation, today released its first Financial Health Pulse Points brief featuring transactional data that highlights the effects of the two federal stimulus payments and tax refunds issued in early 2021 on account […]
Why Financial Health Disparities Continue to Widen
One year into the COVID-19 global pandemic, new data from the U.S. Financial Health Pulse shows that Black and Latinx communities are continuing to disproportionately struggle amidst the ongoing public health crisis, and that financial health disparities appear to be widening by race and ethnicity as a result of the ongoing pandemic.
Third stimulus check: Will you get a stimulus check — and how much?
President Joe Biden’s $1.9 trillion coronavirus relief plan would provide a third round of federal stimulus checks to millions of Americans. Yet a new agreement between Mr. Biden and moderate Democratic Senators would limit the number of households that would qualify for the $1,400 checks, cutting off millions of other Americans who had been hoping for the stimulus money. […]
COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing.
Millions of “financially vulnerable” Americans have grown even more vulnerable during COVID-19, with lower-income households more likely to have experienced declines in their financial well-being, according to new data released Thursday.
New Financial Health Pulse Data Shows Millions of Americans Still Financially Struggling Amid Ongoing Pandemic
Food insecurity and fear of eviction pervasive among those hardest hit financially by pandemic with many borrowing money or cutting back on healthcare visits and medication
Breaking Silos and Challenging Inequities in America: An Interview with Jennifer Tescher
The founder and CEO of the Financial Health Network discusses COVID’s impact on communities of color, Financial Health Network’s projects for 2021, and her take on CFI’s strategic priorities. Read the Interview >>
54% of Americans Worry About Expenses Tied to Coronavirus—Here’s How to Cut Medical Costs If You Get Sick
Over half, 54%, of Americans say they’re not financially prepared to handle a contagious disease like coronavirus that may limit their ability to work for a few weeks, according to a recent survey conducted on behalf of Prudential of just over 2,000 U.S. adults. Read the Article >>
Dodging the Overdraft Bullet (So Far)
The economic shutdown and mandatory lockdowns forced many people to limit discretionary spending on retail, food, and entertainment, while stimulus checks and increased unemployment benefits improved financial health in the short term. This aided in a slow down of overdraft.
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 >>
Pandemic influencing employer health benefit planning: Financial Health Network
The Financial Health Network, the nation’s authority on financial health, this week released the “Knowing Better, Doing Better: Building an Effective Financial Health Benefits Strategy” report in partnership with Morgan Stanley at Work, showing 86 per cent say they are aware of their employees’ financial health challenges, with 85 per cent of companies planning to maintain or increase […]
New Financial Health Network Report Finds Many Employers Taking Action to Improve Employee Financial Health Benefits Following the COVID-19 Pandemic
Chicago, IL, Nov. 12, 2020 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, today released the “Know Better, Do Better: Building an Effective Financial Health Benefits Strategy” report in partnership with Morgan Stanley at Work, showing that close to 90% (86%) say they are aware of their employees’ financial health […]