Financial health

At Wells Fargo, we're opening pathways to economic advancement for racially and ethnically diverse and low- and moderate-income individuals and families through programs that increase financial inclusion and access, reduce debt, drive savings and wealth-building behavior, and transform systems that provide a better context within which people lead their financial lives. 

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Philanthropy & Cause Initiatives

ideas42, Wells Fargo Aim to Tackle High Costs of Living in Poverty in the U.S.
Today, Wells Fargo and ideas42, a leading nonprofit that uses insights from behavioral science to drive social change, announced Shared Prosperity Catalyst

Philanthropy & Cause Initiatives

From Bad Bunny to Smart Money
Sisters Melanie and Mariana Montoya could relate when they saw SUMA Wealth using the demand for Puerto Rican rapper Bad Bunny’s concert tickets to shell out personal financial advice: Don’t spend what you don’t have. “When Bad Bunny tickets were released, they were really expensive. The post suggested that if you bought them you should hold off on other big purchases,” said Melanie, a freelance graphic designer and video editor. “That’s using something super relevant for people our age to teach finance in a culturally relevant way.”

Diversity & Inclusion

HBCU Community Development Action Coalition Awarded $5.6 Million From the Wells Fargo Foundation to Address Racial Wealth Disparities
The Historically Black Colleges & Universities Community Development Action Coalition (HBCU CDAC) is proud to announce the launch of a comprehensive financial wellness initiative, Our Money Matters (OMM) for college students of color.

Sustainable Development Goals

Wells Fargo Launches Banking Inclusion Initiative to Accelerate Unbanked Households' Access to Affordable Transactional Accounts
Wells Fargo today announced the Banking Inclusion Initiative, a 10-year commitment to help unbanked individuals gain access to affordable, mainstream, digitally-enabled transactional accounts – a meaningful entry point to fully participating in the economy and achieving financial stability. The initiative will focus on reaching unbanked communities and, in particular, helping remove barriers to financial inclusion for Black and African American, Hispanic, and Native American/Alaska Native families, which account for more than half of America’s 7 million unbanked households1. It also will assist those who are underbanked or underserved – individuals who may have a bank account yet continue to use high cost, non-bank services and have similar needs.

Philanthropy & Cause Initiatives

Five Cities in Colorado, Kentucky, Ohio, Tennessee, and Texas Offer Free Financial Counseling to Residents in Need
NEW YORK -- The Cities for Financial Empowerment Fund (CFE Fund) announced the selection of five additional local governments to replicate the proven Financial Empowerment Center (FEC) model under its nationwide FEC Public platform. Selected municipalities will work to launch free, professional one-on-one financial counseling as a free public service for low-income residents, including as they deal with the financial impacts of the COVID-19 pandemic.

Philanthropy & Cause Initiatives

An App That Makes Financial Sense for Older LGBTQ Adults
Like many people, Frank Liu and Donna Sue Johnson worry about being able to take care of themselves and their partners as they age.

Education

'Financial Health Is Foundational to Everything We Do' With HBCUs
Brandi McLean believes that people need financial skills to survive. That’s why she’s made it her mission to educate people about it. McLean, an accountant in Virginia, has been teaching young children about financial literacy in her free time.

Philanthropy & Cause Initiatives

More Than 50 Cities and Counties Are Set to Offer One-On-One, Professional Financial Counseling or Financial Navigation Services to Build Resident Financial Stability During COVID-19
National nonprofit organization the Cities for Financial Empowerment Fund (CFE Fund), in partnership with Bloomberg Philanthropies, Citi Foundation, JPMorgan Chase & Co., and the Wells Fargo Foundation, announced today that more than 50 city and county partner governments across the country are set to offer financial counseling and financial navigation services for their local residents in need.

Philanthropy & Cause Initiatives

National Disability Institute Launches COVID-19 Financial Resilience Center to Provide Cost-Free Financial Resources for People With Disabilities
Today, National Disability Institute (NDI) launched the Financial Resilience Center, an online comprehensive education and information hub for people with disabilities and those with chronic health conditions.

Philanthropy & Cause Initiatives

Teaching Young Adults Financial Health Strategies for the Days ‘Beyond College’
With colleges and universities closed amid the COVID-19 pandemic, families sheltering together at home, and many families facing financial hardships, Schweppe says this year’s American Bankers Association Teach Children to Save Day — April 24 — can be an opportunity for parents to have important conversations about money with their young adult children.

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