Heidi Johnson Helps Older, Low-Income People Manage Their Money
So many research studies about Americans’ personal finances focus on affluent adults and their retirement savings. But Heidi Johnson, director of behavioral economics for the nonprofit Financial Health Network, has put a spotlight on the money challenges of low- and moderate-income people 50 and older. More specifically: how financial institutions and personal finance apps often […]
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 […]
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 >>
JP Morgan’s Financial Solutions Lab Launches Fintech Accelerator
The Financial Solutions Lab is on a mission to serve the underserved with the launch of its seventh fintech Accelerator Challenge. Read the Article >>
Financial Solutions Lab launches 7th Accelerator Challenge
The Financial Solutions Lab, an initiative from the Financial Health Network in collaboration with JPMorgan Chase and Prudential Financial, has launched its seventh Accelerator Challenge, focused on helping people improve financial resilience and build long-term financial growth in the wake of the economic impact of the coronavirus pandemic. 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 >>
Many Americans are struggling financially amid the pandemic, but some are finding ways to thrive
You might think the deck is stacked against Andi Gibbs. A 25-year-old nursing assistant at a hospital system in North Carolina, Gibbs is a young, Black woman working in a caregiving profession — she has nearly all the characteristics of the people who have been hit hardest by the pandemic. Read the Article >>
UPS to Offer Employees a Way to Save for Emergencies
Shipping giant joins other companies offering rainy day funds in 401(k) plans.
Trump says: ‘I’m ready to sign a big, beautiful stimulus’ — but many Americans are not banking on it
‘Without knowing when the next round of stimulus and relief measures will arrive, many people continued to keep their expenses low’ Read the Article >>
What Could Help Address the Racial Wealth Gap
Ideas to narrow financial disparities between Black and white people in America Read the Article >>
Financial Health Still A Struggle For Many—More Financial Innovation Needed
Recent research highlights the ongoing struggle many Americans have when it comes to financial health—underscoring the need for more financial innovation to meet these needs. Read the Article >>