Financial Health Network’s Post

With our 20th anniversary celebration behind us, we launch into our next chapter with visionary leadership that will help drive us forward. Our success would not be possible without the unwavering support of our Board of Directors. Their partnership helped us reach this milestone and their ongoing support will enable us to climb to the next. Our Board brings strong leadership for the future, reinforcing our ability to improve the #financialhealth of people across America. We are pleased to share that Debbie Bianucci, BAI, and Sasha Dichter, 60 Decibels, have joined as Board Members. Additionally, Gina Harman, formerly of Accion Opportunity Fund, rises to Board Chair. We also want to thank Mark Ernst, Bellevue Capital, for his years of service as he departs as Chair. Thank you to our full Board for your continued leadership: - Tamarah Duperval-Brownlee, MD, MPH, MBA, FAAFP, Accenture - Melinda Hightower (Board Treasurer), High Tide Content Lab - Roderick King, MD, MPH, University of Maryland Medical System - Judy Samuelson, The Aspen Institute - Ellen Seidman, Urban Institute Thank you to those who help lead us. Learn more about our important work and how to engage with us: https://hubs.li/Q02DKNZf0 #FHN20

Over the past 20 years, we’ve made #financialhealth a national priority, built a movement, catalyzed solutions, and improved lives – but our work is far from done. 7 in 10 Americans aren’t Financially Healthy, and inequities continue to deepen. As we enter our next chapter following an extraordinary #EMERGE2024 conference with #finhealth leaders… what’s ahead? Hear from Financial Health Network President and CEO Jennifer Tescher as she maps our path toward a new economy that is grounded in #equity, standards, and an unwavering belief in a future where all people can thrive financially. Learn more about our vision of building a new economy that works for everyone. https://hubs.li/Q02DDb4w0 #FHN20

Only 1 in 7 foreign-born Latinx consumers are considered financially healthy. In our latest #FinHealthPulse Points, our research team explores the financial health experiences of foreign-born consumers compared with those born in the U.S. We’ve identified three strategies to improve the financial health of these communities: - Employer Support: Provide jobs with benefits, especially employer-provided retirement accounts, ensuring Latinx immigrants have an opportunity at longer-term generational financial health. - Financial Service Providers: Use alternative data for underwriting to support immigrant entrepreneurs, considering credit data from their home countries to facilitate access to financing. - Policymaker Involvement: Support the establishment of state-sponsored retirement plans to assist low- to moderate-income workers without access to employer-sponsored plans. Currently, several states have implemented such plans with positive outcomes for increasing savings. Dive into the latest #PulsePoints research to learn how to improve the financial health of immigrants. https://hubs.li/Q02Dc3XL0 #Equity #FinHealth #FinancialHealth #Immigration

Great leaders share visionary ideas, and then inspire organizations and stakeholders to find a way to get there. Established in 2018, our Financial Health Visionary Award recognizes those who have shown unparalleled leadership in building a more inclusive financial system – and empowering the next generation of leaders to innovate solutions that improve financial health for all. We’re excited to announce that Brian Moynihan, Chair and CEO of Bank of America, is this year’s Financial Health Visionary Award honoree. Under his leadership, the bank’s decade-long commitment to responsible growth has benefitted the financial health of its customers while also sustainably growing the business. Get to know Brian and his financial health journey in the newest episode of our #EMERGEEverywhere #podcast: https://hubs.li/Q02BKmPt0 #financialhealth #finhealth #banking

This week, Angela Fontes, our head of research and policy, will speak at a US Government Accountability Office event focused on #financialhealth. Speakers from across #financialservices, #policy, #finhealth, and other sectors will convene to discuss the growth of digital financial services and the promises and opportunities that exist for consumers. Angela will be joined by a who’s who roster of financial health advocates, including: • Shena Ashley, PhD from Capital One • Lyn Haralson from Consumer Financial Protection Bureau • Kira Traore from Chime • Jennifer Chien from Consumer Reports • Angelena Bradfield from Financial Technology Association • Gerri Walsh from FINRA Investor Education Foundation • Alberto Rossi from Georgetown University • Amy Marty Conrad from National Endowment for Financial Education • Louisa Quittman from Office of the Comptroller of the Currency • Tanya McInnis, CFEI from U.S. Department of the Treasury • Stephanie Yates from University of Alabama at Birmingham • And Gene L. Dodaro, Comptroller General of the United States

That's a wrap on #EMERGE #FinancialHealth in Chicago, our home town. Thank you to all our attendees and sponsors who immersed themselves in the past, present, and future of #finhealth this week. We look forward to what's ahead - let's build the future. #EMERGE2024

Welcome to the era of FinTok and “loud budgeting” – how can we help younger generations reach financial independence? At #EMERGE2024, we just concluded an incredible discussion with Bank of America's, Holly O'Neill and Haley Sacks (Mrs. Dow Jones), Zilllennial Finance Expert. They explored the unique financial habits of younger consumers’ and how the next generation’s financial decisions impact the broader financial health landscape. #EMERGE #FinancialHealth #FHN20 #finhealth

“Trust has to be built into what we’re doing.” Michael J. Hsu, Acting Comptroller of the Currency, delivered a compelling keynote yesterday at #EMERGE #FinancialHealth. We are energized by his words and excited about the Office of the Comptroller of the Currency's 'Financial Health: Vital Signs' initiative. #EMERGE2024 #finhealth #policy

Author, Stephanie Land took the #EMERGE #FinancialHealth mainstage yesterday sharing her experiences as a single mother living below the poverty line while working as a maid. Her story, “Maid: Hard Work, Low Pay, and a Mother’s Will,” inspires us all to take action and support the millions of Americans experiencing similar realities. This powerful session was moderated by Melinda Hightower. #EMERGE2024 #finhealth