Consumer Financial Health

Actionable insights on banking and financial health.

Sam Compton Director of Operations at Chetwood Financial & SmartSave

How the high-inflation, high-interest environment has influenced UK savings habits

Despite a promising drop in inflation according to the latest CPI statistics, the cost-of-living crisis is far from over for most Britons. The Bank of England continues to promise interest rate hikes, while food inflation and high energy bills are keeping essentials expensive.  Balancing a budget has become increasingly challenging due to the ris...

05 June 2023 /retail /inclusion

Aurélie L'hostis Principal Analyst at Forrester Research

How Should Financial Services Respond To The Cost-Of-Living Crisis?

Consumers around the world are facing a cost-of-living crisis. Those in vulnerable circumstances will be hit hardest. In the UK, 89% of adults reported an increase in their cost of living in August 2022. Sixty percent of those who reported a rise in the cost of living between August 3–14, 2022 say they are spending less on nonessentials as a resu...

13 October 2022 /retail

Andrew Beatty Head of Wealth, Retirement & International at FIS

Financial Wellbeing: Helping Customers Manage Their Money Better

The temptation to spend is always with us, but for some people the compulsion to consume is overwhelming. Financial discipline takes practice; our tendencies to spend or save are habitual and form a predictable pattern. However, with the right approach, even long-standing bad habits can be changed for the better. This blog explores how banks can ap...

15 September 2022 /retail /inclusion

Andrew Beatty Head of Wealth, Retirement & International at FIS

Financial Wellbeing: Behavioral Economics at Work and Play

Like physical health, financial health is a very private matter – and both forms of wellbeing are closely intertwined. Unfortunately talking openly about personal money matters is often considered taboo. For many, it is difficult to talk about because money is in short supply. Conversely, others are embarrassed by their riches, so talking money is...

10 August 2022 /retail /inclusion

Uday Akkaraju CEO at BOND.AI

A Call to Action for Banks: Link Financial Health With Your Services

Let’s start with the good news. The US economy is slowly recovering from the challenges posed by the COVID-19 pandemic. The bad news: About two-thirds of US Americans are still struggling with the financial difficulties caused by the economic downturn. We have the good and the bad – now comes the ugly. For years, financial institutions have unde

05 August 2022 /payments /inclusion