September 24, 2021

Under-banked and overlooked: Helping our vulnerable populations with Leigh Phillips

34 minutes

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