Financial Health Dashboard
Through this dashboard we’ll periodically release resources that help paint a picture of our members’ financial health, the challenges they face, and recommendations to improve their financial health outcomes.
Credit Card Balances Are Starting to Come Down
SaverLife member credit card balances came down after a few consecutive months of larger than normal payments.
Members Saving More Than $100 Continue to Drop
The percentage of members depositing $100+ is down since April.
May Savings and Spending
Only 50% of members increased balances in May 2021 as refund and stimulus payments are used to play catch up on everyday expenses.
Filing 2020 Taxes Is Critical
As of late May, 80% of SaverLife members have filed their taxes, meaning there are still 20% of members who have not. More than any other year, filing taxes for 2020 is critical.
Overcoming the Digital Divide
Lifeline is a federal program that provides discounts on internet access. 51% of members don’t know about it.