Our impact

Improving the financial well-being for all employees

%

of HoneyBee users are Black, Hispanic, or Asian, and the majority of them are female.

%

of HoneyBee users have at least one child.

%

of users said it was difficult to cope with their financial issues before HoneyBee.

%

said HoneyBee made it easier for them to cover regular expenses.

Results from a survey of HoneyBee applicants courtesy of Washington University in St. Louis and the Financial Health Network.

Structural Financial Inequity in America

 

The average white American family has about 7 times the wealth of the average hispanic and black family, and twice the amount in retirement savings.

The Gap in Savings Cushions

 

While the average white family has 31 days of liquid savings on hand, hispanic and black families have only 5 to 12 days – leaving many without savings cushions to manage income volatility.

Lack of Access to Affordable Credit

 

Black consumers are 73% more likely than white consumers to lack a credit score and 30% of black households have no access to affordable credit.

The Financial Literacy Gap

 

The P-Fin Index measures eight key areas of personal finance knowledge. In 2020, minority women answered only 38% of the questions correctly.  

Building a culture of inclusion and belonging

Yolanda

HEALTHCARE WORKER

 

“From Fortune 500 to small businesses, this program should be in every company!”

Stephanie

Hospitality Manager

 

“As a single mother, financial burden held heavy on my mind. Glad I had HoneyBee!”

Tracina

Non-Profit Employee

 

“HoneyBee helped me improve my credit and gave an extreme peace of mind.”

Everyone benefits when employees are less stressed about money

 

%

of employees feel less stress about money

%

increase in 401(k) participation

%

reduction in 401(k) borrowing

%

increase in employee retention

See how these women used HoneyBee to get the tools and support they needed to reach their goals

Watch these women share their stories: 1:41 min