Discover financial empowerment resources
Discover financial empowerment resources
Through well-timed and thoughtful updates to their employee savings program, the number of Best Buy employees participating in the savings program increased from 4,500 to more than 7,000 and employees’ savings grew $1.5M. Interventions included enhancements to the program marketing content,...
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...
In Canada and the United States, approximately 1 in 5 children live in poverty, contributing to poor health outcomes. Families with children with chronic illness may experience additional financial stress related to hospitalization. This study aimed to capture experiences of financial needs and...
The Asset Funders Network engages philanthropy to advance equitable wealth building and economic mobility. For 19 years, AFN has provided a forum for grantmakers and financial institutions to connect, collaborate, and collectively invest in helping more people achieve economic security. The 2023...
QR codes are a popular way to offer access to information by scanning the now familiar black and white code with your mobile phone. But not all QR codes are safe to scan. Scammers are taking advantage of the widespread use of QR codes to launch new versions of old scams. Learn more on the...
The Aspen Institute Financial Security Program hosted a public event, “Charting a Course Towards a More Inclusive Financial System: Our Collective Call to Action,” on Tuesday, December 5th 2023. At the event changemakers in government, industry, and nonprofits spoke about their role and...
One of the goals of The Money and Pensions Service (MaPS) is to provide better debt advice. While debt advice is available in many different forms, many people who could benefit from debt advice do not seek help. In this study, we sought to better understand the barriers and drivers to people...
The Expanding Economic Opportunity Through Volunteer Income Tax Assistance (EEOVITA) cohort has been working to identify and engage targeted, underserved populations most at risk for missing out on the expanded Child Tax Credit (CTC) benefit. This project, which began in January 2022 and concludes...
In this blog, John Stapleton breaks explains income security and personal tax systems in Canada in the simplest way...
At first glance, the latest FDIC National Survey of Unbanked and Underbanked Households findings are encouraging: rates of un- and underbanked households reached historic lows after trending downward for the last decade. Yet, a lack of access to quality banking remains a problem for nearly 25...
Longevity literacy is an understanding of how long people tend to live upon reaching retirement age. It is particularly important since retirement income security requires planning, saving, and preparing for a period that is uncertain in length. This matters because longevity literacy is...
The Future of Wealth Discussion Series consist of 1-hour virtual convenings that are open to the public and bring together leaders across sectors and disciplines to consider wealth-building objectives that Aspen FSP considers critical to creating widespread household financial well-being. Click on...
Investing offers a way to potentially grow your money in a different way from savings. Many common investments involve the stock market. Head to the Ontario Securities Commission website to learn more about how investing...
Widespread household financial insecurity is an undeniably urgent crisis in the United States today. A stunning 51 percent of U.S. households have expenses that are equal to or greater than their income, and 55 percent lack the necessary savings to weather a simultaneous income drop and expense...
The average Canadian tax return amount in 2023 is $2,072 and that money can go a long way when it comes to meeting your financial goals. But remember, this isn’t a cash windfall; it’s YOUR money that the government borrowed from you, so Credit Canada recommends using it for needs versus...
The Multiplying Movement: The State of the Children’s Savings Field 2022 shares findings from Prosperity Now’s 2022 Children’s Savings Account (CSA) program survey. The report highlights the incredible growth of the field with over 4.9 million children and youth with CSAs across the US. In...
Brought to you from CPA Canada, this financial literacy podcast talks about key issues, trends and tips as they relate to financial education. Season 7 of the Mastering Money podcast takes a deep dive into debt and the way it affects Canadians. Season 6 of the Mastering Money podcast will help...
The Asset Funders Network engages philanthropy to advance equitable wealth building and economic mobility. For 18 years, AFN has provided a forum for grantmakers to connect, collaborate, and collectively invest in helping more people achieve economic security. This report reflects their work over...
Centering equity is key to the purpose and mission of any collective impact work, no matter the issue area or focus. It is very difficult to move population or systems change without redressing disparities that exist in almost every community. Part of the challenge is there is not one path to...
Six years of data from the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) clearly demonstrate that U.S. adults with greater financial literacy tend to have better financial well-being. This report shows that retirement readiness, a specific realm of financial well-being, likewise tends...
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...
In honor of Black History Month, BestColleges in the United States interviewed financial expert Terrance Dedrick to help curate a financial literacy resource for Black and African Americans. This article includes links to these organizations in the United States that cater to Black and African...
The forced transition from in-person to online activities as a result of the COVID-19 pandemic has had a profound impact on how families and communities buy groceries, acquire medical care, and utilize social services. This rapid shift has raised important questions about how to address access and...
If a recession seems likely, consider how your investing and savings plans may be affected. Increases in the cost of living and borrowing, combined with the overall financial uncertainty over the impact of a potential recession, can be enough to cause personal and financial stress. There is no...
Gig workers account for approximately 25 to 35% of the national workforce. When considering workers earning low to moderate incomes (LMI), these percentages are likely higher. Gig work provides reported advantages including flexibility, supplemental income, and independence. However, it also brings...