Financial Lives After 50: Rethinking the Golden Years
Discover key insights about the financial challenges and choices facing low- to moderate-income people ages 50 and over.
Webinar: Fintech for the 50+: How to Design for Low- to Moderate-Income Older Adults
Learn about adoption barriers and design recommendations for fintech users ages 50 and over, with insights from AARP Foundation and the Champlain Housing Trust.
Fintech Over 50: Designing for Low- to Moderate-Income Older Adults
Despite their widespread use of technology, many adults 50 and older find it challenging to handle day-to-day financial needs online. However, shifting financial management systems online has become critical for older generations that face the greatest health risks from COVID-19. Through qualitative, human-centered research, the Financial Health Network uncovered barriers that inhibit older adults’ adoption of fintech, such as negative stereotypes about their tech savviness and concerns about losing granular control over their finances. This report offers recommendations for fintech customer experience design that financial services innovators can use to overcome these barriers and join older adults as partners on their journey toward financial health.
Retirement Readiness: A Generational Perspective
By Steve Arves, Manager, Financial Health Network The economic fallout from the COVID-19 pandemic has taken an exacting toll on many people’s retirement savings. Over the last month, the stock market took its largest dip in years, wiping out trillions of dollars in savings overnight. While it’s too soon to say whether these losses will…
MassMutual Workplace Financial Wellness Study
Provided by MassMutual, this research identifies the percentage of employers who say that their workers are struggling financially and looks at the correlation between employer size and employee financial wellness issues.
That’s a Wrap on EMERGE 2019
I had the privilege of serving as emcee at the 2019 EMERGE Financial Health Forum . Here are some highlights from the event.
Redesigning the Financial Roadmap for the LMI 50+ Segment
Using data from the U.S. Financial Health Pulse, the Financial Health Network identifies five challenges for the LMI 50+ and opportunities for providers to support this fast-growing segment.
It’s Open Enrollment Season, and the Retirement Industry Should Sign Up for Fintech
Benefits season is the most important moment of the year for Americans to take positive action for their long-term financial health — and now more than ever before because American workers are not financially prepared for their life after work.
Preparing for Tomorrow by Fixing Today
In this report, the Financial Health Network looks at long-term savings and beyond to understand how day-to-day financial challenges of LMI pre-retirees and retirees are getting in the way of their long-term financial health.
Wall Street Journal: Baby Boomers underestimate their retirement needs
When it comes to saving for retirement, there’s a huge gap between what Americans say they want and what they’re doing to make it happen. This article looks at savings habits and consumer resliance, with research from the U.S. Financial Diaries, a project of the New York University Financial Access Initiative and CFSI. Read the […]
AARP Foundation Equips Older Consumers With Financial Know-How
AARP Foundation understands that many older people do not necessarily have access to affordable and reliable financial services.
Employer-Based Collaboration: Lessons from Financially Fit Minnesota
A unique model for regional, employer-based collaboration to increase the usage of basic financial services has emerged recently in Minnesota, with relevant lessons for companies, communities, and advocates nationwide.