Recent News:
Source: GreenPath Financial Wellness
October 15th is National Get Smart About Credit Day – a great opportunity to assess your financial situation and make a plan to move forward.
If you are dealing with credit and debt, you aren’t alone. The average American household has an average balance of about $6,600 in credit card debt, and that’s not taking into account home, auto, and student loans. Paying off your debt is successful with a little planning. In fact, a plan can go a long way toward achieving your financial goals.
Even in a time of financial uncertainty, there are ways to address and manage credit so it works for you.
Source: GreenPath Financial Wellness
The COVID-19 pandemic has significantly affected the physical and financial health of Hispanic Americans. African American and Hispanic adults have been disproportionately affected by COVID-19. More than 75 percent of pediatric fatalities have been Hispanic, Black and American Indian children.
A May 2020 Harvard University study found that nearly 20 percent of Hispanic homeowners had difficulties paying their mortgage due to lost income and were less likely to receive a payment deferment than white homeowners. Black and Hispanic renters are especially at risk. The WXYZ news story lifts up the resources GreenPath has provided, and continues to provide, as we all manage through the continued crisis.
Source: Consumer Financial Protection Bureau
As the global pandemic continues to affect the lives and livelihoods of many of the nation’s families, organizations across the country are working hard to help American consumers protect and manage their finances. These days it’s more important than ever to make extra efforts to reach those who are struggling, to help them understand their options and navigate their choices.
