Discover financial empowerment resources
Discover financial empowerment resources
As life expectancy in the U.S. increases, older adults will comprise a larger share of the population than ever before. At the same time, older adults will play an increasingly important role in the U.S. economy. Their contributions through consumption, labor, and unpaid activities—such as...
For most households in America, financial shocks are inevitable. The car will break down. The house will need a repair. A key earner for a household will be laid off. These shocks can be devastating to household finances. And while the COVID-19 pandemic, which we are still recovering from, was a...
The health and economic crises brought on by the coronavirus 2019 (COVID-19) pandemic has made the federal nutrition programs more important than ever. An unacceptably high number of people in America do not have enough to eat, and it is likely that the economic recovery for families who struggle...
More than 44 million people in America have taken on student debt to pursue a post-secondary education. These borrowers collectively owe around $1.6 trillion in student loan debt. Borrowers exist in every community, but some are particularly vulnerable to its impact. Women hold two-thirds of all...
COVID-19 is radically reshaping many aspects of people’s financial health in America, including their housing security. The economic fallout is disproportionately impacting communities of color due to systemic inequities related to race, housing, employment, and more. As the protections put in...
The Better Business Bureau Institute for Marketplace Trust (BBB Institute) is the 501(c)(3) educational foundation of the Better Business Bureau (BBB). BBB Institute works with local BBBs across North America. This report uses data submitted by consumers to BBB Scam Tracker to shed light on how...
This report was originally developed to support the work of Feeding America and its member food banks in exploring interventions that support households’ economic well-being. Such strategies can be valuable not only for organizations serving households facing food insecurity, but for agencies and...
This report presents findings from the second annual U.S. Financial Health Pulse, which is designed to explore how the financial health of people in America is changing over time. The annual Pulse report scores survey respondents against eight indicators of financial health -- spending, bill...
The research and policy symposium on income volatility was held on March 9, 2018, in Toronto, Ontario. Speakers from Canada and the United States present on key research findings on the nature of income and expense volatility in the early 21st Century. Speakers also suggest policy solutions to...
As the work environment has evolved and jobs look more different, it is important to understand the impact of these changes on income—predictability, variability, and frequency—and how this affects the opportunity for mobility. Because of the complexity of income volatility, there is a unique...
This report provides a view into the state of financial well-being in America. It presents results from the National Financial Well-Being Survey, conducted in late 2016. The findings include the distribution of financial well-being scores for the overall adult population and for selected...
There is wide variation in how people in the U.S. feel about their financial well-being. This report presents findings from a survey by the Consumer Financial Protection Bureau (CFPB) on the distribution of financial well-being scores for the U.S. adult population overall and for selected...
The Gig Worker On-Demand Economy survey was conducted online by Harris Poll on behalf of Prudential from January 5 to February 18, 2017, among a nationally representative (U.S.) sample of 1,491 workers including 514 full-time and 256 part-time traditional employees and 721 gig workers. Gig work was...
Students spend a significant portion of their day in school – and as a result, schools can offer these students a safe and consistent place to study and access to caring adults who can help them navigate some of the challenges they face. In an otherwise chaotic time of homelessness, schools can...
The CFPB has undertaken a broad array of education initiatives this year, as well as continued or expanded upon prior initiatives. These initiatives are described in more detail in various sections of this report. The CFPB’s financial education research is focused on identifying the knowledge,...
Drive through a low-income neighborhood in virtually any American city and it quickly becomes apparent that the area’s financial health is at risk. The giveaway? The abundance of payday lenders. According to the St. Louis Federal Reserve, there are now more than 20,000 of these organizations...
Our eighth biennial study on the Financial Experience & behaviours Among Women uncovers optimism about recovering markets and encouraging short-term improvements, but troubling long-term trends. While the survey paints a troubling picture of their long-term financial preparedness, the results...
Women own, on average, only 32 cents for every $1 owned by a man in America. Women of color have even less. Both the gender wage gap and the gender wealth gap need to be taken into account to address threats to women's economic...
The rise of economic inequality has become a staple of policy debates and stump speeches. Less visible is the way the rise has altered the landscape of America’s urban neighborhoods. Two books should help change that. Matthew Desmond, an urban sociologist at Harvard, has delivered a jolt with...
We are pleased to share the results from the third installment of the Bank of America/USA TODAY Better Money Habits Millennial Report, which measures millennials’ attitudes and priorities around money. The newest findings show that while millennials are reasonably confident about money and are...
Over 29 million Americans comprise the “at risk” segment – most likely of all the segments to live paycheck to paycheck and run out of money before the end of the month. Seven in ten struggle to keep on top of their bills, and a quarter are actually falling behind on credit and bill...
Islamic finance is growing rapidly, outpacing the growth of the conventional finance industry and even grabbing market share from it. This success has been driven in part by the internationalisation of Islamic finance as it reaches beyond its core markets of the Middle East, North Africa and...
Despite America’s reputation as the land of opportunity, more than 16 million (1 in 5) American children live below the poverty line. To break the cycle of poverty, we must find ways to intervene early and adopt a two-generation approach that helps both parents and children excel, rather than...
Evaluation of programs is crucial to gaining insight into what does and does not work, how best to adjust service delivery, and patterns and trends among clients. Yet, too often evaluation occurs only at the end of a project, is focused exclusively on informing funders and other outsiders, and is...
This brief focuses on the connections between financial coaching and long-term security. It emphasizes the differences between coaching and other approaches to working with clients on personal finance issues. Finally, it explores the unique client/coach relationship, the benefits of financial...