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 >>
The Coronavirus is a Financial Catastrophe for Workers and Residents
Seventy-one percent of American households are considered financially unhealthy, and the global coronavirus pandemic is now crashing headlong into our years-in-the-making financial health epidemic, resulting in a mutually reinforcing downward spiral.
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. […]
Spread Financial Empathy Instead Of Coronavirus
The virus will bankrupt more people than it kills” predicted Jennifer Tescher, CEO of the Financial Health Network. “Missing even one paycheck can have a domino effect for families, leaving a trail of missed mortgage or rent payments, utility shut-offs, unpaid bills.” Read the Article >>
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.
54% of Americans worry about expenses tied to coronavirus—here’s how to cut medical costs if you get sick
For Americans, there are two major types of financial shocks to worry about if you fall ill with coronavirus: income loss and medical costs, Rob Levy, vice president of the Financial Health Network, tells CNBC Make It. Read the Article >>
Fear of Virus-Tainted Dollars Opens New Front in War on Cash
The signs began appearing around Seattle in the windows of Dick’s Drive-In, the city’s iconic burger chain: “In an abundance of caution, we ask you to please pay with credit or debit card if possible rather than cash.” Read the Article >>
Navigating Coronavirus: The True Cost of Cancellation
Earlier this week, my organization made the decision to cancel our upcoming annual conference, the EMERGE Financial Health Forum, due to the risks posed by the coronavirus.
Emergency Savings Can Help Offset Unexpected Emergencies, But Should Be a Long-Term Strategy
As concerns about the spread of COVID-19 continue, questions are also arising about the financial preparedness of Americans in the case of an unexpected emergency, such as needing to stay home from work for an extended period. Read the Article >>