by WEX Health
April 25 is #FinHealthMatters Day, hosted by our friends at the Center for Financial Services Innovation (CFSI). This social media-fueled awareness day is designed to bring nationwide attention to Americans’ financial health. Now in its third year, #FinHealthMatters Day has done a phenomenal job starting and sustaining cross-channel conversations and sparking content creation that has awakened more of us to the realities, challenges and opportunities around financial health in this country.
Our hope is that WEX Health Partners will help #FinHealthMatters Day make its biggest impact yet this year. On the CFSI website you’ll find a social media kit with sample social posts and graphics you can share.
And here are a dozen more bite-sized, ready-to-tweet findings from CFSI’s U.S. Financial Health Pulse survey:
- 47 percent of Americans are spending more than or equal to their income
- 45 percent of Americans do not have enough savings to cover three months of living expenses
- 30 percent of Americans say they have more debt than they can manage
- 37 percent of Americans are not confident about their insurance coverage
- 36 percent of Americans are unable to pay all of their bills on time
- 37 percent of Americans are not on track to meet their long-term financial goals
- 27 percent of Americans do not have prime credit scores
- 40 percent of Americans do not plan ahead financially
- 81 percent of Americans experience some stress related to their finances
- 28 percent of Americans are “financially healthy,” 55 percent are “financially coping” and 17 percent are “financially vulnerable”
- 42 percent of financially vulnerable individuals said debt has delayed or prevented them from seeking or receiving medical care
- 71 percent of financially vulnerable individuals and 88 percent of financially coping individuals have health insurance, compared with 98 percent of financially healthy individuals
We encourage you to use the #FinHealthMatters hashtag to keep the conversation about financial health going today and year-round.
For more insights on Americans’ financial health, go here.