COVID-19 Impact on the Financial Health of Households in America: How Can Financial Institutions Help People During the Crisis? (Part 2)

This event was held on May 14, 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 pandemic, 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 review the data illustrating financial health challenges of people living in America, discuss how our thought leaders are thinking about the longer term implications of the pandemic on their businesses, and highlight examples of strategic collaborations and fintech partnerships that are addressing the holistic needs of households in America.

This is the second webinar of a multi-part series with lively panel discussions among 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 an understanding of the data reflecting current financial health of households in America.
- Explore the long term implications of the pandemic on business strategy.
- Understand examples of strategic collaborations and fintech partnerships that are addressing the holistic needs of households in America.

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