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.

Guest User 10/1/21 Guest User 10/1/21

Member Employment Remains Stagnant

Why have so many more people reported their hours have been reduced? In September, we saw a 33% spike in members reporting their employer cut their hours versus pre-pandemic levels.

Guest User 9/7/21 Guest User 9/7/21

The Child Tax Credit is Keeping Families Afloat

SaverLife members are finding the Child Tax Credit payments impactful in covering day-to-day expenses.

Guest User 8/19/21 Guest User 8/19/21

Un- and Underemployment Increases from July 2021

In August, the percentage of SaverLife members who indicate they are working at pre-pandemic levels fell 14%.

Guest User 8/9/21 Guest User 8/9/21

Child Tax Credit Update: How Have SaverLife Members Spent Their Child Tax Credit Payments?

Of those who have received a Child Tax Credit payment, the majority say they plan to spend the money on immediate household necessities.

Guest User 8/9/21 Guest User 8/9/21

Child Tax Credit Update: Most SaverLife Parents Have Received Their Payments

Most SaverLife parents have received the Child Tax Credit, and those who haven’t believe that they will.

Guest User 7/13/21 Guest User 7/13/21

Grocery Spending for Snap Recipients Remains Elevated

SNAP recipients are spending 21% more on groceries than they were in 2019.

Guest User 7/13/21 Guest User 7/13/21

Withdrawals of $100+ Were Down 22% in May

This pattern is very similar to what we saw in 2020 when large cash infusions such as tax refunds, tax credits, and economic stimulus payments helped members bridge gaps in employment.