Results from the Financial Health Network’s Inaugural Industry Scan
In 2010, the Financial Health Network launched its largest effort yet to catalog all existing financial products and services aimed at the underbanked population: the Underbanked Industry Scan.
How Should We Serve the Short-Term Credit Needs of Low-Income Consumers?
Almost one-third of the 30 million U.S. households who are unbanked or underbanked borrow to pay for small-dollar, short-term needs.
One Size Does Not Fit All: A Comparison of Monthly Financial Services Spending
The Financial Health Network has conducted an investigation into the amounts that prepaid cardholders spend each month to conduct essential financial transactions, and compared that to the amounts that they would spend if they remained underbanked or used checking accounts for the majority of their transactions instead.
InBrief on the Underbanked Consumer Study: Characteristics of Latino Un- and Underbanked Consumers
This the Financial Health Network inBrief analyses the financial attitudes and behaviors of the 20.6 million Latino underbanked consumers in the U.S.
Preferences and Usage of Financial Services Providers inBrief
This the Financial Health Network inBrief provides some insights on underbanked consumers’ preferences and usage regarding financial service providers. The information is drawn from the 2008 the Financial Health Network Underbanked Consumer Stud.
The Financial Health Network Underbanked Consumer Study Fact Sheet
This resource identifies market size data and preferences among eight unique segments of the underbanked market, including "The Strivers," "Middle of the Road," and "Almost There."
Distributing Prepaid Cards Through Worker Centers: A Gateway to Asset Building for Low-Income Households
This research paper explores the mismatch between the consumer needs of low-wage immigrant unbanked and underbanked populations and existing financial products and vendor strategies.
Accessing the American Dream: Affinity Marketing Partnership Strategies for Financial Institutions and Nonprofits
Discover likely affinities among underbanked consumers and explore how financial products could be marketed to these consumers through community-based nonprofits and nonprofits offering advocacy and social services.
Accessing the American Dream: Utilizing Affinity Marketing to Reach Underbanked Populations
This report addresses the extent to which traditional affinity marketing models apply to underbanked segments while exploring the nonprofit community's role in marketing and distributing financial services.
Expanding Financial Services to Underbanked Consumers
This paper explores opportunities for using the moment of tax preparation to bridge the gap between the financial needs of underbanked consumers and services that can meet those needs.
Unbanked to Homeowner
The unbanked and underbanked still face many barriers to asset building, but recent innovations show that it is possible to overcome these challenges through creative strategies.
Stored Value Cards: Challenges and Opportunities for Reaching Emerging Markets
This paper discusses the implications of stored value cards for unbanked and underbanked consumers, exploring positive effects such as the potential to build assets and improve credit records.
Breaking the Savings Barrier: How the Federal Government Can Build an Inclusive Financial System
Learn why an inclusive financial system is important, who the underbanked are and what keeps them out of the mainstream, and what the government and private sector can do about this problem.
Retailers as Financial Services Providers: The Potential and Pitfalls of This Burgeoning Distribution Channel
Learn key findings about retail locations in which consumers can access financial services, including the impact of ATMs, point of sale and kiosk technology, and reloadable stored value cards.