Recent research from the Financial Health Network published by the Brookings Institution also shows that most people who had not recently filed a tax return (a group that is more likely to have lower incomes) received their first stimulus payment at least two weeks later than those who had recently filed a tax return.
How can employers encourage workers to build their savings? Even, an employer-based earned-wage access platform, partnered with the Financial Health Leaders Lab to test the impact of presenting savings as an active choice during onboarding to its app.
To seize opportunity, you need both money and cognitive energy – and financial challenges deprive you of both. Learn from Even what it means to have a “testing culture” and how that leads to better products and results.
Discover key findings from the 2020 U.S. Financial Health Pulse regarding Americans' financial health, including profound disparities across race and ethnicity.
The Financial Health Network partnered with Michigan State University Credit Union (MSUFCU) to analyze its financial education programming for high school and college students, revealing some signs of positive impact on business outcomes and the students’ financial health.
The Financial Health Network worked with Community First Credit Union to analyze its Save My Change Program, a round-up savings tool, revealing the benefit to member financial health.
In this case study, we highlight our evaluation of Nusenda Credit Union’s small-dollar lending program, highlighting the positive impact on its participants and the business.
By Thea Garon, Senior Director, Necati Celik, Associate and Andrew Dunn, Manager, Financial Health Network Since mid-March, the United States has lost more than 21 million jobs amid the COVID-19 pandemic. In order to help people get by, the Treasury Department began distributing recovery rebates, or “stimulus payments,” on April 11 as part of the…
By Thea Garon, Senior Director and Andrew Dunn, Manager, Financial Health Network The COVID-19 pandemic and its economic fallout are likely to have the largest impact on those who are already struggling financially. Survey data from the University of Southern California and the U.S. Financial Health Pulse show that Financially Vulnerable Americans believe they are…
How is the financial health of Americans changing over time? In a year-over-year analysis, the second annual U.S. Financial Health Pulse report reveals that the majority of Americans are still unprepared for financial shocks.