-
The Vanishing American Dream: The Long Road to Financial Stability
The American economy is growing. Unemployment is down, incomes are inching up and the days of the Great Recession are but a distant memory... except for one thing: A shocking 57 percent of the country—approximately 138 million Americans—are struggling to make ends meet. Jennifer Tescher of the Center for Financial Services Innovation and Tilman Ehrbeck of Omidyar Network say the time to address this crisis is now. They share some promising innovations – and a new research tool – that could help.
- Categories
- Finance
-
Press release: Center for Financial Services Innovation Launches “U.S. Financial Health Pulse”
“CFSI first explored the concept of financial health using a landmark research project that found a majority of American households were financially unhealthy,” said Jennifer Tescher, founder and CEO of CFSI. “The U.S. Financial Health Pulse is the next phase in a critical effort to advance financial health in America.”
- Source
- Press release
- Region
- North America
-
More than Money: Changing Financial Services One Startup at a Time
The Financial Solutions Lab – managed by the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co. – is looking for fintech startups and nonprofits to compete in its $3 Million Challenge to help underserved people. Winning organizations will receive a $250,000 investment. The fintech innovators who will rise to the top, writes CFSI's Shannon Austin, are those solving real financial problems faced by real people – often the same problems experienced by the founders themselves.
- Categories
- Entrepreneurship, Finance, Technology
-
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
- Technology
-
Dear Diary: New Financial Diaries Research Explains Why Many Americans are So Angry
Would you rather have more money or a more stable financial life? A striking 92% of Americans in a recent survey chose stability - a sign of the deep undercurrent of financial insecurity running through the world's richest country. A new book called "The Financial Diaries, How American Families Cope in a World of Uncertainty" explores this insecurity in remarkable detail. Its co-author, Rachel Schneider of the Center for Financial Services Innovation, discusses the research and its far-reaching implications in NextBillion's latest podcast.
- Categories
- NextBillion Originals
-
Dollar by Dollar or Goat by Goat: How Financial Health Translates Across Oceans
The Center for Financial Services Innovation, in partnership with the Center for Financial Inclusion at Accion and funded by the Bill & Melinda Gates Foundation, explored how a U.S.-oriented financial health framework could translate into a developing world context. They discovered that the concept of financial health resonates just as strongly in lower-income countries as it does in the United States.
- Categories
- Uncategorized
-
‘Inequality Limits Growth … and You Get What You Incent’: Takeaways from Day 1 of the SEEP Network’s Annual Conference
SEEP’s 2016 conference, themed “Expanding Market Frontiers,” continues today in Washington, D.C. NextBillion editor Kyle Poplin is there, and he compiled some of the things he found most interesting during Tuesday’s sessions.
- Categories
- NextBillion Originals
-
Borrowing and Saving – Not Two Sides of the Same Coin
From a mathematical point of view, borrowing and saving are mirror images. In both cases many small payments allow for one or more large payouts. Only the sequence differs. But after traveling to India and Kenya as part of a research project, we were struck by vast differences in the way people make borrowing and savings decisions - and these have profound implications for financial service providers.
- Categories
- Uncategorized
Parent Organization
