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What does it truly mean to be unbanked or under-banked? What unexpected impacts can it have on the financial security of our clients?
We dive into these questions on this eye-opening episode of Real Money, Real Experts with Leigh Phillips, President of SaverLife, a national nonprofit that helps working families achieve prosperity by taking small savings steps. From lack of access to emergency funds to predatory debt traps, Leigh shares the serious barriers to financial stability that come with being unbanked or under-banked and shines light on the steps AFCPE professionals can take to help.
Don’t forget, SaverLife will be one of our keynote sessions at our upcoming 2021 AFCPE symposium, sharing powerful stories about the struggles and resilience of those hardest hit by the pandemic. If you enjoyed this episode, you don't want to miss it!
Show Notes: 00:52 Leigh Introduction 01:40 Leigh’s Journey into the Field of Finance 05:08 History of Bank on San Francisco 08:43 Financial Implications of Being Unbanked or Underbanked 11:12 Inspiring Individuals to Start Saving with SaverLife 17:50 How just $100 in Savings can Change your Life 22:26 Impact of the COVID-19 Pandemic 26:04 How AFCPE® Professionals Can Help 28:48 Connect to SaverLife & Access Resources
Show Note links: Get in contact with Leigh and SaverLife: Twitter: @wearesaverlife and @twoleighp LinkedIn: https://www.linkedin.com/company/saverlife www.SaverLife.org
Resources: www.About.saverlife.org https://about.saverlife.org/research-posts/finra https://joinbankon.org/ https://www.fdic.gov/analysis/household-survey/index.html https://cfefund.org/ https://www.hardhit.org/ https://www.hardhit.org/data www.afcpe.org/career-and-resource-center/certification-scholarships/ www.afcpe.org/symposium Want to get involved with AFCPE®? Here are a few places to start: Become a Member, Sign up for an Essentials Course, or Get AFC Certified today! Want to support the podcast? We love partnering with organizations that share our mission and values. Download our media kit. |