COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing.
Millions of “financially vulnerable” Americans have grown even more vulnerable during COVID-19, with lower-income households more likely to have experienced declines in their financial well-being, according to new data released Thursday.
New Financial Health Pulse Data Shows Millions of Americans Still Financially Struggling Amid Ongoing Pandemic
Food insecurity and fear of eviction pervasive among those hardest hit financially by pandemic with many borrowing money or cutting back on healthcare visits and medication
One Year into the Pandemic, Millions of Americans Still Struggling
Since the last Pulse survey in August 2020, more people are struggling to afford healthcare, which may lead to long-term health consequences beyond those created directly by COVID-19.
Breaking Silos and Challenging Inequities in America: An Interview with Jennifer Tescher
The founder and CEO of the Financial Health Network discusses COVID’s impact on communities of color, Financial Health Network’s projects for 2021, and her take on CFI’s strategic priorities. Read the Interview >>
54% of Americans Worry About Expenses Tied to Coronavirus—Here’s How to Cut Medical Costs If You Get Sick
Over half, 54%, of Americans say they’re not financially prepared to handle a contagious disease like coronavirus that may limit their ability to work for a few weeks, according to a recent survey conducted on behalf of Prudential of just over 2,000 U.S. adults. Read the Article >>
Dodging the Overdraft Bullet (So Far)
The economic shutdown and mandatory lockdowns forced many people to limit discretionary spending on retail, food, and entertainment, while stimulus checks and increased unemployment benefits improved financial health in the short term. This aided in a slow down of overdraft.
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 […]
New Financial Health Network Report Finds Many Employers Taking Action to Improve Employee Financial Health Benefits Following the COVID-19 Pandemic
Chicago, IL, Nov. 12, 2020 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, today released the “Know Better, Do Better: Building an Effective Financial Health Benefits Strategy” report in partnership with Morgan Stanley at Work, showing that close to 90% (86%) say they are aware of their employees’ financial health […]
The Road to Relief: Economic Recovery in Financially Vulnerable Communities
While the COVID-19 pandemic has heightened awareness of the financial hardships millions of Americans now face, the economic impact has been disproportionately felt by some communities more than others. Discover innovative solutions nonprofits are developing and deploying to support the financial recovery of immigrants, people with disabilities, and other vulnerable populations during this time of crisis and beyond.
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.