Over 33 Million Americans Lost Their Job During the Pandemic
Optimism is high among workers that they can return to their pre-pandemic jobs, but economists warn over 40 percent of job losses could become permanent. Read the Article >>
Bearing the Brunt of COVID-19: Fears and Challenges of Financially Vulnerable Americans
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…
Strengthening the Student Safety Net During COVID-19
Even before the pandemic, the lives of financially struggling students were overwhelmingly complex. For financially vulnerable students, a disruption this large can have devastating long-term impacts, including failure to re-enroll once the pandemic ends.
Not Working: Coronavirus Exposes a Broken System That Fails Workers
By Beth Brockland Senior Director, Financial Health Network March 26, 2020 Reading about the coronavirus pandemic feels a little bit like watching the world unravel before our very eyes. Every day brings new stock market lows and emergency measures. At the same time, people all over the country are demonstrating remarkable acts of humanity, practicing…
Coronavirus Recession Looms, Its Course ‘Unrecognizable’
The U.S. economic outlook darkens daily, with millions facing unemployment and businesses in a steep decline. Read the Article >>
Banks supplement benefits to help employees affected by coronavirus
As the novel coronavirus spreads throughout the U.S., banks are adding extra benefits for employees working in branches as well as those pulled away from work to deal with illness and caregiving responsibilities. Read the Article >>
Here’s exactly what banks are offering to do to help Americans affected by coronavirus
Tens of thousands of Americans are facing unemployment as the coronavirus pandemic continues to affect daily life for cities and towns across the U.S. Read the Article >>
To solve the economic crisis, we will have to solve the health-care crisis
In Washington, the focus has now turned to the economic response to the coronavirus pandemic, with experts and politicians proposing their preferred policy tools — ranging from tax cuts to corporate bailouts to direct payments of cash. Each is worth debating, but the focus is misplaced. This is not an economic crisis; it is a health-care crisis. […]
U.S. Financial Health Pulse Fact Sheet: COVID-19
Looking at existing data on financial health pre-crisis can help us size up its potential downstream effects.
How Coronavirus Highlights the Insurance Gap for Gig Workers
Gig workers comprise a growing portion of the American workforce, with 1 in 10 U.S. workers relying on gig work as their primary source of income. Without adequate health insurance, many gig workers are unprepared to deal with the financial shock of a major injury or illness.