Why We’re Seeing a Drop in the Financial Health of American Households and How We Can Improve It: An Interview With Angela Fontes
In this episode of the Mental Health & Wealth Podcast, Angela Fontes of the Financial Health Network talks about their Financial Health Pulse report. Find out how income, race, gender, and more all impact financial health and what we can do to improve our financial health.
Get Ready For A Winter Of Discontent With Layoffs, High Inflation And A Plunging Stock Market
Stubbornly high inflation, a possible recession, rising interest rates, corporate budget cuts and headcount reduction are all likely to continue, as Federal Reserve Bank Chair Jerome Powell wages war against inflation.
The economic plague consuming America right now is chipping away at the middle class
Many Americans hoped the U.S. would enter a revival similar to the 20th century’s Roaring ’20s once vaccines rolled out last year. But instead of channeling flappers, many Americans have spent their 2020s juggling a rising cost of living and awaiting a possible recession.
Another sign of a looming recession? Americans’ ‘financial health’ fell for the first time in five years
A person who is ‘financially healthy’ spends less than they earn, pays bills on time, and has sufficient liquid savings and long-term savings, a new report says.
Spending Outpaces Income in the US as Negative Financial Health Trends Emerge
The Financial Health Network, the US’ authority on financial health, with support from the Citi Foundation and Principal(R) Foundation, unveiled the Financial Health Pulse: 2022 US Trends Report. This fifth edition of the report finds financial health in America declined across many demographic and socioeconomic groups as spending outpaced income and savings accounts were depleted.
Most Americans’ financial health worsening: Report
Many Americans saw their financial health decline in 2022, more than at any point in the last five years. That is a crucial finding of the Financial Health Network’s Financial Health Pulse: 2022 U.S. Trends Report. It is the fifth annual edition.
Rising Credit Card Debt Signals Bleaker Financial Outlook for Consumers
More and more consumers have been hit by deteriorating financial health, including people who had been somewhat insulated in the past. With a hawkish Federal Reserve going after inflation, pressure on consumer wallets is increasing. Here's a look at the landscape, with ideas on how to react.
2022 Financial Health Pulse: Financial Health Drops for First Time in Five Years of Measurement
New data shows erosion of financial health gains from pandemic, led by significant declines in middle- and upper-income earners, black people and women.
Financial Health Pulse® 2022 U.S. Trends Report
Our 2022 U.S. Trends Report tells a far different story than prior years. Data from the nationally representative probability-based Pulse survey, fielded in April and May 2022, show that financial health declined for the first time in the project’s five-year history.
When to Use Survey and Administrative Data for Financial Health Measurement: Lessons from the Financial Health Pulse
Combining survey and administrative data can offer more nuanced insights for financial institutions on customer needs and potential solutions.
Many Low-Wage US Breadwinners Find Themselves Financially Vulnerable
A new report offers a first-ever glimpse into the financial health of workers in low-wage jobs revealing that many struggle with savings, insurance coverage, and paying for basic living expenses.
What Women Need From the Banking Industry
Women are a critical customer segment for every bank or credit union, yet their specific needs are often overlooked by the banking industry. Two reports — from Bank of America and the Financial Health Network — illustrate what banks and credit unions can do better to meet women's financial needs.