Wealth Inequality and the Racial Wealth Gap: New study shows Cook County residents wealth disparity, and the problem is far worse for the Black and Latinx population
Cook County residents experience high financial stress at more than twice the national rate, a new study by Financial Health Network finds.
Cook County’s financial divide is a local example of how policies favor the rich
What happens during the budget standoff in Congress could determine whether it becomes harder for average Americans to build wealth and pay their bills.
Tyre Nichols protests continue, financial health, goodbye to Candace Parker
Tyre Nichols protests continue in Chicago. A new report shows that Black and Latinx residents are more financially vulnerable than white ones, even accounting for income similarities.
Financial disparities in Cook County are almost double national average, study finds
Black and Latino residents are three to four times more likely to be financially vulnerable than their white counterparts.
Cook County residents of color are more financially vulnerable, new report finds
In Cook County, residents of color are more likely to struggle paying for their basic needs, according to a new report by the Financial Health Network and The Chicago Community Trust.
New Financial Health Data Shows Vast Disparities Across Race and Ethnicity in Chicago
Black Cook County residents are almost twice as likely to be Financially Vulnerable than their counterparts nationally; Latinx residents are nearly one and a half times as likely.
Financial Health Pulse® 2022 Chicago Report
In our first report to focus on the Financial Health Network’s home city, we explore the realities of the financial lives of people in Chicago and neighboring Cook County suburbs.
New report reveals accelerating crisis of Hawaiʻi households living in poverty
In partnership with Bank of Hawaiʻi Foundation, Aloha United Way has released a new State of ALICE report based on a 2022 survey that indicates “alarming and substantial increases” in the number of households living in poverty.
Americans are saving little — while they spend up a storm
There’s an interesting mystery in the statistics that came out Thursday from the Bureau of Economic Analysis. Personal income — after inflation — rose about 0.4% in October from the previous month. Personal spending went up too, after adjusting for inflation, by 0.5%.
New Financial Health Pulse Data Shows Correlation Between Cost of Gas and Consumption and the Impact of Price Increases on Financially Unhealthy
Top-line finding shows that as gas prices increased in 2022, overall consumption decreased and that the financially unhealthy often made smaller, more frequent purchases to fill up their tanks.
Pulse Points Fall 2022: Responses to Record-High Gas Prices
As gasoline prices reach all-time peaks, how are Americans adjusting their buying patterns to cope? Analysis of Financial Health Pulse® survey and transactional data suggests that increasing gas costs and consumers’ financial health status may affect how often they refuel and how much they spend per trip to the pump.
The American middle class is at the end of an era
What do the Simpsons and about 50% of American households have in common? Not just a love for donuts or a kid who loves to say “eat my shorts.” They both belong to the middle class.