Financial health management

2022 in Press Releases: The Year's Must-Read Stories

Retrieved on: 
Friday, December 30, 2022

NEW YORK, Dec. 30, 2022 /PRNewswire/ -- With more than 300,000 press releases hitting the wire this year, it was difficult to keep up with everything on PR Newswire. As another year at the wire comes to an end, the team is recapping some major stories from 2022 that couldn't be missed.

Key Points: 
  • As another year at the wire comes to an end, the team is recapping some major stories from 2022 that couldn't be missed.
  • Some strayed from the more "traditional" press release format to focus on storytelling and appeal to readers' emotions.
  • Click on the press release headlines to access the full story and accompanying multimedia assets that are available for download.
  • PR Newswire thoroughly researches and vets this community to verify their identity as a member of the press, blogger or influencer.

Singer-Actress Coco Jones Partners with Experian to Launch Financial Wellness Video Series

Retrieved on: 
Wednesday, December 14, 2022

Singer-actress Coco Jones, star of Peacocks Bel-Air has launched In My Bag, a video series in partnership with Experian addressing the basics to financial literacy.

Key Points: 
  • Singer-actress Coco Jones, star of Peacocks Bel-Air has launched In My Bag, a video series in partnership with Experian addressing the basics to financial literacy.
  • Jones collaboration with the leading U.S. credit bureau is an opportunity to have an on-going, open dialogue with young adults about practical and effective tools for financial wellness.
  • View the full release here: https://www.businesswire.com/news/home/20221213006092/en/
    BEHIND THE SCENES: Singer-actress Coco Jones on set with content creator Freddie Ransome recording episodes of "In My Bag," a financial health video series, in partnership with Experian.
  • Im excited to partner with Experian to help my generation and more to expand their financial education, Jones said.

Support the Enlisted Project Partners with Experian to Support the Military Community

Retrieved on: 
Friday, November 11, 2022

Additionally, 52% of the military, at a minimum, earn a low-income wage per Housing and Urban Development (HUD) standards.

Key Points: 
  • Additionally, 52% of the military, at a minimum, earn a low-income wage per Housing and Urban Development (HUD) standards.
  • We created STEP to support young military families during times of financial crisis, but more importantly, to make it their last crisis.
  • Im excited that Experian can support this community by helping our enlisted members as they begin their military service so they can support their loved ones while serving, and after, their active duty.
  • Its commitment to the military community includes resources , and its weekly Twitter #Creditchat addresses topics such as Financial Tips for Military Families .

Wonolo Report Reveals Recession Hardships for Gig and Corporate Workers

Retrieved on: 
Tuesday, October 25, 2022

NASHVILLE, Tenn., Oct. 25, 2022 /PRNewswire/ -- Wonolo, an on-demand job marketplace that connects workers to hourly and flat-rate jobs posted by thousands of businesses across the United States, today released The State of Financial Health of Today's Workforce report, dialing into how the current economy is impacting gig workers and full-time corporate workers.

Key Points: 
  • The report reveals that a vast majority of corporate workers (92%) and gig workers (85%) said the cost of their bills have increased in the last six months, but just two in five corporate workers (41%) and gig workers (42%) have received a raise, or cost of living increase, in the last six months.
  • Additionally, 55% of gig workers and 42% of corporate workers are living paycheck to paycheck.
  • Nearly the same number of corporate workers (75%) and gig workers (78%) worry about their financial health if a recession were to hit in the next year.
  • Additional findings from the report include:
    Both gig and corporate workers experience mental and physical health impacts from their jobs, but employers can combat the effects with benefits adjustments
    Despite corporate workers often having more benefits, gig workers win out on flexibility
    While 61% of both corporate and gig workers have set work hours that can be adjusted in special cases, gig workers tend to have more flexibility overall, with 19% of gig workers able to work any time or day they want as long as they get their work done, compared to 14% of corporate workers.

Wages Have Failed to Match Inflation, 65% of Employed Consumers are Living Paycheck to Paycheck

Retrieved on: 
Monday, October 24, 2022

SAN FRANCISCO, Oct. 24, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 15th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. The Employment Edition provides an overview of consumers' employment characteristics, changes and expectations and how they affect their financial lifestyles.

Key Points: 
  • As inflation continues to outpace wages, the share of consumers living paycheck to paycheck nears a historic high.
  • Sixty-five percent of employed consumers were living paycheck to paycheck in September 2022 a 5 percentage point rise from a year ago.
  • Among those of working age, consumers who live paycheck to paycheck comfortably are the most likely to be employed.
  • In fact, inactive workers make up a significant share of those who do not live paycheck to paycheck.

Three in Five Americans Live Paycheck to Paycheck: More People Are Living Paycheck to Paycheck but Making Ends Meet Than Not Living Paycheck to Paycheck

Retrieved on: 
Tuesday, September 27, 2022

SAN FRANCISCO, Sept. 27, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 14th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. With inflation reaching a 40-year high in June, nearly all consumers report noticeable increases in the cost of everyday purchases. The Inflation Edition examines the financial lifestyle of U.S. consumers who live paycheck to paycheck, explores how inflation impacts their spending and details saving decisions and how rising prices impact their financial lifestyle.

Key Points: 
  • "More consumers living paycheck to paycheck indicates that many are continuing to lose their financial stability," says Anuj Nayar, LendingClub's Financial Health Officer.
  • "Yet, the share of consumers living paycheck to paycheck with issues paying their bills has dropped 7 percentage points in the past year.
  • Many have moved to what now may constitute a stable lifestyle: living paycheck to paycheck but still managing to pay your monthly bills.
  • In August 2022, three in five U.S. consumers were living paycheck to paycheck, and close to one-fifth struggled to pay their bills.

THE SINGLETON FOUNDATION FOR FINANCIAL LITERACY & ENTREPRENEURSHIP LAUNCHES HEARTBROKE ON ITS MILLION STORIES MEDIA PLATFORM, SPONSORED BY EXPERIAN

Retrieved on: 
Tuesday, September 27, 2022

We are so excited to work with the Singleton Foundation and be part of helping couples in their financial health journey.

Key Points: 
  • We are so excited to work with the Singleton Foundation and be part of helping couples in their financial health journey.
  • "Our goal has always been to engage and raise the financial literacy skills of our viewers with entertainment.
  • The mission of The Singleton Foundation for Financial Literacy & Entrepreneurship is to inspire entrepreneurship and to make financial competence fun, engaging and accessible to all.
  • Our goal is to help give everyone the financial skills they need to better manage their lives and their businesses.

Earnin Joins the Financial Health Network

Retrieved on: 
Monday, September 19, 2022

Earnin , the leading financial well-being platform designed to help people take control of their money, starting when they earn it, today announced that it is now a Member of the Financial Health Network , joining leading-edge financial services, financial technology, and other providers committed to improving financial health for all.

Key Points: 
  • Earnin , the leading financial well-being platform designed to help people take control of their money, starting when they earn it, today announced that it is now a Member of the Financial Health Network , joining leading-edge financial services, financial technology, and other providers committed to improving financial health for all.
  • In alignment with the Financial Health Networks mission to advance financial health in vulnerable populations through research, education, and innovation, Earnin is deeply committed to the research and implementation of financial tools to empower people on their financial journey and enhance their well-being.
  • For nearly two decades, the Financial Health Network has worked to advance financial health and shape meaningful improvements in people's economic lives.
  • We are excited to welcome Earnin as a Member of the Financial Health Network, said Andrea Galvez, vice president, Client Success, Financial Health Network.

Three partners unite to honor US Veterans via Tyler Reddick's car at the NASCAR Hollywood Casino 400 on September 11th

Retrieved on: 
Wednesday, September 7, 2022

CHICAGO, Sept. 7, 2022 /PRNewswire/ -- Guaranteed Rate, an innovation-driven mortgage lender on track to be the nation's top Fintech, and Tyler Reddick, two-time NASCAR Xfinity Series (NSX) Champion, are honoring Team Red, White & Blue (Team RWB), a nonprofit organization forging a leading health and wellness community for US Veterans, with a custom-made deck lid for Reddick's No. 8 car at the 2022 Hollywood Casino 400 at Kansas Speedway.

Key Points: 
  • 8 car at the 2022 Hollywood Casino 400 at Kansas Speedway.
  • Just like Tyler has his crew supporting his success, our nation's veterans have Team RWB behind them as they prioritize their well-being after serving in the military.
  • - Homeownership can be a critical part of long-term financial wellness for America's veterans."
  • "We've partnered with Team RWB for a while now to help Veterans realize the importance of their financial well-being.

2022 Financial Health Pulse: Financial Health Drops for First Time in Five Years of Measurement

Retrieved on: 
Wednesday, September 7, 2022

Chicago, IL, Sept. 07, 2022 (GLOBE NEWSWIRE) -- The Financial Health Network, the nations authority on financial health, with support from the Citi Foundation and Principal(R) Foundation, today unveiled the Financial Health Pulse: 2022 U.S. Trends Report .

Key Points: 
  • Chicago, IL, Sept. 07, 2022 (GLOBE NEWSWIRE) -- The Financial Health Network, the nations authority on financial health, with support from the Citi Foundation and Principal(R) Foundation, today unveiled the Financial Health Pulse: 2022 U.S. Trends Report .
  • This change erased most financial health gains people experienced in 2020 and 2021, returning financial health in the U.S. close to pre-pandemic levels.
  • It is critical that employers, financial institutions, and policymakers prioritize financial health and collaborate for better outcomes in these uncertain times, especially as economic conditions could trigger future financial health declines.
  • In 2020, the Financial Health Pulse began to also utilize transactional data to gain an even deeper understanding of individuals financial health.