The Role of Government Interventions in Financial Health: A Conversation with Foundation Communities
Andrew Dunn sat down with Kori Hattemer, Director of Financial Programs at Foundation Communities, a nonprofit organization that provides affordable housing in 23 communities in Austin and North Texas, on how pandemic-related government interventions are affecting recipients’ financial health.
Join us at this ESI-sponsored Short-Term Savings Small Group meeting to learn more about the direct and indirect role that these support networks can play in emergency savings.
Consumers Balance Saving, Spending, and Earning in Uncertain Recovery: A Conversation With SaverLife
Helen Robb interviewed Tim Lucas of SaverLife about how consumers are balancing spending, savings, and earnings in the wake of the final stimulus payment.
This research was produced by the Financial Health Network in collaboration with BlackRock’s Emergency Savings Initiative. ESI is a cross-sector program with a mission to help people living on low to moderate incomes gain access to and increase usage of proven savings strategies and tools – ultimately helping them establish an important safety net.
Join us to further explore the links between worker savings and financial health.
In partnership with BECU, the largest credit union in Washington state, this study examines the impact of a new mobile app savings feature, Quick Save, which allows members to spontaneously transfer small amounts to their savings accounts with the swipe of a button.
March is Women’s History Month, and March 8 is International Women’s Day. In celebration of women’s achievements and to take strides toward equity, we are devoting this Short-Term Savings Small Group meeting to exploring gender gaps in financial health, with a focus on promoting emergency savings.
The importance of emergency savings is well-documented. According to research published in January 2020 by Bankrate, four out of 10 Americans would need to borrow money to cover a $1,000 emergency expense. Or, to put it another way, many low-income American families lack the savings to cover one month’s worth of living expenses. Read the […]
How can competitions influence more people to build their savings? SaverLife, a nonprofit focused on helping working families to save and invest in their futures, partnered with the Financial Health Leaders Lab to test several approaches.
Chicago, IL, Sept. 29, 2020 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, in partnership with the GenForward Survey research program from the University of Chicago, today released a new report called “Race, Ethnicity, and The Financial Lives of Young Adults: Exploring Disparities in Financial Health Outcomes.” The report finds […]
How to Make Savings More Inclusive: A Look at Closing the Savings Gap | Savings Interest Group Small Group
For consumers living paycheck to paycheck, saving money is not an option. Learn how to help foster savings by lowering fees and reducing friction in your customers' user experience. Accuracy and transparency are essential to build customer trust and help them budget to manage cash flow. Adding or removing friction in UX can help determine how well people build savings or access their money.
For older adults living on fixed incomes, constant budgeting often isn’t enough to afford basic essentials – forcing them to make tradeoffs that are even more acute in the wake of COVID-19.