Comparative income quintiles don’t tell us very much about the material conditions of people’s lives. When someone rises into the top fifth, someone else falls into the bottom fifth.
Today’s economic climate offers little hope to many struggling families. Family incomes still lag in comparison, for example, to rising housing costs in many markets.
I attended my first ever Assets Learning Conference, put on by CFED last week, and I have to say it was mighty impressive. And I was particularly pleased to see that economic justice and things like reforming the tax code to be less regressive and reward savings by low- and middle-income Americans, rather than mostly […]
Financial Justice is the untold story of how a diverse group of progressive organizations took on the powerful financial lobby, pushed Congress to create a strong new consumer protection agency and against the odds, won.
Recently, more than 150 people from across the nation rolled along the backroads of the iconic Mississippi Delta, peering through bus windows at scene after scene of entrenched poverty juxtaposed against occasional pockets of progress that had been achieved against seemingly insurmountable odds. While there were signs of advancement, they were set against the backdrop of conditions that disproportionately plague these places—substandard housing, underperforming schools, inadequate access to quality health care, and limited private and philanthropic investment.
Shortly after her 18th birthday, Cindy (not her real name) left her group home in the Bronx to live with her mother. Although under...
If expanding access to homeownership can reverse the trends of growing racial wealth inequality, why are we seeing so many states roll back the supports that make homeownership possible?
What does it take to achieve financial security for the millions of American households without it? Clearly full employment, higher wages, and a more robust safety net would be some major components. But as important as those are, they aren’t the full picture. Assets are an important counterweight to income.
As tenant struggles become a bigger focus of activist recruitment, Randy Shaw’s new book, Generation Priced Out, is an essential organizing guide.
To support older adults to safely age in community, we need to consider what they need out of banking—and what they need to be protected from.
How would the trajectories of children’s lives change if they knew that their state, their community and their parents were investing in their future success for as long as they could remember?
Unpredictable hours lead to unpredictable cash flow, which is a barrier to budgeting and saving. One response to this, the Opportunity to Work Initiative, would require that San Jose employers give more hours to part-time employees before hiring new staff.
Talk of tax reform has reached a fever pitch, but most Americans don't realize just how high the stakes are and what impact the final legislation could have on their own financial security for years to come.
What happens to families who are financially vulnerable and rely upon free financial counseling and coaching services to get out of debt or repair their credit score?
Estate planning should be employed as part of a broader plan of preservation of wealth and assets in communities of color.
The systemic closing of bank branches in low- and moderate-income neighborhoods is followed by payday lenders, pawnshops, and check cashing services stepping in to fill the void.
These ideas aren’t new, but pulling them together in a collective, coherent way will push back against those who, like their predecessors of 80, 70, 60 and 50 years ago, would deny long-term stability to those for reasons more than just the color of their money.
In a world of growing financial complexity, predatory products, stagnating wages, and escalating inequality, financial insecurity is a dramatic problem. We gathered a group of leaders who are combating financial insecurity for a conversation on how it all relates.
A government report concludes that residents of low- and moderate-income Census tracts have as much access to bank branches as residents in middle- and upper-income tracts in rural areas and large metropolitan areas. Yet access to bank services for low- and moderate-income consumers is still being lost. Why is that?
What is productive agricultural land and clean water worth? What are strong communal relationships worth? What is a clear connection to heritage, to culture, to past, to future, and self, worth?