COVID-19 Impact on the Financial Health of Households in America: How Can Financial Institutions Help People During the Crisis? (Part 1)

This event was held on Wednesday, April 15, 2020

SESSION DESCRIPTION:

As COVID-19 continues to impact the global economy, a wide spectrum of households and businesses are in crisis mode; meanwhile, financial institutions have had to rapidly adapt their business practice to meet customer needs, while ensuring the safety of their employees.  

Even before the Coronavirus situation, Financial Health Network’s 2019 U.S. Financial Health Pulse found that 71% of households in America were already struggling financially. While many have modest means, income alone does not tell the whole story. Financially struggling consumers and families span the income spectrum and live in all communities across the country. During this 60-minute webinar, we’ll discuss the profiles of people living in America in need of financial health initiatives, as well as highlight what some progressive FIs are doing to help and the success that they are achieving. We’ll also explore how strategic collaborations and fintech partnerships can best position us to help people in America during this troubling time.  

Join us for the first of a multi-part series of lively panel discussions between a variety of industry experts to understand the current financial challenges that households in America are facing and the creative ways in which together we can solve them.  

Key take-aways:

  • Capture a clear understanding of the data reflecting current financial health of households in America.
  • Learn how to address financial health as a business strategy.
  • Gain insights into the tools that foster and reinforce financial health and wellness.

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