Posts by Theresa Schmall
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Three Reasons Financial Health Matters – And Not Just for the Underserved
Forty-three percent of Americans struggle to pay bills and make credit payments, while 23 percent of workers making $50,000 to $99,999 a year are living paycheck-to-paycheck, and underserved Americans spend $141 billion in fees and interest to meet their financial needs. That's why, as the Center for Financial Services Innovation puts it, "Financial health matters to all of us." Today (June 27) CFSI and other mission-based organizations are celebrating #FinHealthMatters Day, to highlight what we all can do to improve financial health.
- Categories
- Financial Inclusion, Technology
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It’s Hard Out Here for a Personal Finance App: CFSI offers tips on creating a successful app for the underserved in a tough competitive landscape
As mobile access has exploded worldwide, smartphone ownership has skyrocketed among low-income Americans, spawning countless personal finance apps for the underserved. These apps can provide services, offer timely guidance, and help users achieve financial goals. CFSI discusses how developers can create apps that improve financial health, while surviving in a cutthroat market.
- Categories
- Financial Inclusion, Technology
