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 […]
Most Americans Struggling Financially Despite The Strong Economy
Despite the booming economy and low unemployment, only 29% of Americans consider themselves financially healthy. That means the vast majority of U.S. individuals aren’t prepared if and when another recession sets in. Read the Article >>
Despite a strong economy, just 29% of Americans are financially ‘healthy,’ according to a new report
The economy may be booming, but a large percentage of Americans report feeling insecure in their own financial lives, according to a new report from the Financial Health Network. The U.S. Financial Health Pulse 2019 Trends Report asked Americans about four buckets of financial health — saving, spending, borrowing and planning — and compared responses from […]
Survey Finds Only 29% Americans Financially Healthy
The Financial Health Network, the nation’s authority on financial health, in partnership with Flourish, MetLife Foundation, and AARP, today released the U.S. Financial Health Pulse 2019 Trends Report. Now in its second year, this year-over-year analysis of peoples’ financial health found that despite a strong economy, only 29% of people in the U.S. are financially healthy. […]
Study: Majority of Americans Continue to Struggle with Finances
Just 29% of Americans—approximately 73 million people—are financially healthy, according to the Financial Health Network’s Financial Health Pulse report released today. That figure was up only one percentage point from a survey conducted a year ago. Fifty-four percent of Americans were classified as “financially coping,” struggling with some but not all aspects of their financial lives—such as […]
70% of Americans say they are struggling financially
Many Americans remain in precarious financial shape even as the economy continues to grow, with 7 of 10 saying they struggling with at least one aspect of financial stability, such as paying bills or saving money. Read the Article >>
Middle-income Americans are increasingly ‘financially vulnerable,’ despite strong economy and low unemployment
Most Americans are struggling with at least some part of their finances, a new report shows, despite a strong economic indicators to the contrary. Just 29% of Americans — an estimated 73 million people — are “financially healthy,” according to a report released Thursday by the Financial Health Network. The share of financially healthy individuals increased […]
Even in Strong Economy, Most Families Don’t Have Enough Emergency Savings
Research finds that families should aim to have at least six weeks of take-home pay saved for emergencies, but about two-thirds of American families fall short.
House passes bill to help workers save for retirement
The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans. Financial Health Network research shows 4 in 10 adults have not saved for their retirement. Read the Article >>
BankThink: Banks are missing their millennial opportunity
In this article, the Financial Health Network’s Thea Garon discusses data from the U.S. Financial Health Pulse that finds only 24% of millennials are financially healthy, and what banks can do to effectively serve their millennial customers. “With an estimated 73 million millennials in the U.S. according to Pew Research Center, this is an incredible opening […]
Three Revenue Models Support Financial Security For Consumers
In this article from the Financial Brand, writer Jim Marous draws on insights from the U.S. Financial Health Pulse and a study from the Omidyar Network and Oliver Wyman to describe three sustainable revenue models fintech companies can adopt for to serve the underserved.
Most Americans Aren’t Financially Healthy Despite Booming Economy, Survey Finds
James Rufus Koren, of the Los Angeles Times, covers the Financial Health Pulse, and talks about the Pulse in context of the Federal Reserve’s annual survey, with comments from researcher Stephen Miller and economist Chris Thornberg. “The economy is growing, unemployment is low and, lately, workers are starting to see some wage gains. But a […]