Four Out of Five Americans Were Financially Unhealthy at Least Once Over Last Five Years
Novel five-year research uses proprietary Financial Health Pulse data, the nation’s benchmark measurement for finhealth, to provide a unique look at life events, income and other factors that most impact individual financial health over time.
When to Use Survey and Administrative Data for Financial Health Measurement: Lessons from the Financial Health Pulse
Combining survey and administrative data can offer more nuanced insights for financial institutions on customer needs and potential solutions.
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.
The U.S. Financial Health Pulse: A Roadmap for Recovery
As vaccines roll out across the country, the Biden administration is considering bold policies to help struggling households, businesses, and communities recover from the health and economic impacts of the COVID-19 pandemic. For these efforts to be successful, the new administration – along with businesses, employers, and other stakeholders –…
The 4 Phases of the COVID-19 Economy – What Comes Next?
With the arrival of a new administration in D.C. in a few weeks, it’s time to refocus on what Americans need now to support their financial health. Our recently released 2020 Trends Report found that many Americans were able to cope during the pandemic largely because of…
‘A Tale of Two Americas’: New Data from the 2020 U.S. Financial Health Pulse
“It was the best of times, it was the worst of times.” The opening lines of Charles Dickens’ iconic novel A Tale of Two Cities perfectly capture the paradoxical nature of this moment in time. Since March, the news has often featured contradictory narratives about the impact of the ongoing pandemic on people’s financial lives….
Trends in Financial Health: A Look Back on 2019
By Thea Garon, Director, Financial Health Network A few weeks ago, the Financial Health Network released new data from the U.S. Financial Health Pulse, a groundbreaking study designed to provide ongoing snapshots of financial health in America. Launched last year, the study draws upon consumer surveys and transactional data to assess how people are spending,…
It’s a Brave New World: Harnessing the Power of Consumer Data to Improve Financial Health
Data plays an important role in improving consumers’ lives. While there are some risks to sharing data online, with the right safeguards in place, consumer data can provide powerful insights into people’s financial lives that financial service providers can use to develop products, programs, and solutions to improve their customers’ lives.
The U.S. Financial Health Pulse Goes to Washington
By Eric Wilson, Associate, Financial Health Network Despite economic indicators showing exceptional GDP growth and record low unemployment, the 2018 U.S. Financial Health Pulse shows that a vast majority of Americans are struggling with their financial health. In April, the Financial Health Network, along with Pulse funders and partners, took the findings of this benchmarking…
#FinHealthMatters Day should be every day, for everyone
In recognition of #FinHealthMatters Day, we reflect on our efforts to advance the cause of financial health which include research and building partnerships with leading organizations and our network of Members.
New Data, New Insights: Releasing the 2018 Pulse Data Set
The data set contains responses from more than 5,000 individuals to 100+ questions about how people are spending, saving, borrowing, and planning.
Challenges Threaten the Financial Health of Low- to Moderate-Income 50+ and Require Innovative Solutions
By Andrew Dunn, Senior Associate, Financial Health Network For years, financial planners described the financial lives of individuals over 50 as following a predictable life cycle. The “traditional” path typically included diligently saving in an employer-provided retirement account, paying off a mortgage, then fully retiring while reducing expenses in order to live comfortably. However, this…