Financial Well-Being

“Income is how you get out of poverty; assets are how you stay out.” How do we build policies, programs, and products that reduce systematic inequality and advance financial security for all?

The Reports are In: Homeownership Rising, Renters Suffering, Income Gaps Growing

City Life, Homeownership, and the American Dream Americans' impressions of cities are improving, according to Fannie Mae's 1997 National Housing Survey, City Life, Homeownership, and...

CRA Modernization:  A Critical Moment for Underserved Neighborhoods

The Community Reinvestment Act and the Consumer Financial Protection Agency Act hold great promise for the creation of a more financially inclusive nation, but both depend on critical "moments in time" in Congress that will determine whether they become good laws or are weakened beyond recognition
Yellow sign reading 'Aloha.'

Reflecting and Planning Using a Community Wealth Building Lens

Over an organization’s 25 years in existence, how do staff and volunteers measure impact and build off of lessons learned to guide their next steps forward?

Scoring Homeownership: Looking at the Long Game

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.

Extending a Bank Branch to the Community

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.

How Does Mobile Banking Affect the Unbanked?

The absence of bank branches and the proliferation of high-priced alternative lenders in the region only underscore the importance of access to affordable financial services.

Is Rags to Riches the Right Measure?

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.

Millennial Women and Retirement Savings: Start Where You Are

Today, most women have the autonomy and ability to take charge of our finances, but we don’t all do it.
From left, Andrea Levere, Andrea Luquetta-Kern, Woody Widrow, and Holly Frindell.

In Pursuit of Financial Well-Being: A Conversation on Fairness, Accessibility, and Empowerment

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 ripple in water.

The Ripple Effects of Income Volatility

Research shows a connection between the financial instability of families and the economic health of communities.

Homeownership Without a Net

Despite some new reforms, low-income households buying homes outside the traditional mortgage market are still at tremendous risk—and often legal limbo.

Why Financial Education Should Get Political

Financial curricula for low-income households often focus on personal choices about budgeting and saving, but if they don't also address systemic problems, exploitation, and discrimination, they aren't speaking to their audience's reality.
Business Hours sign on glass door.

Unstacking the Deck for African-American Entrepreneurs

The truth is most entrepreneurs’ firms don’t grow quickly, employ people, or earn much money. And, more importantly, entrepreneurial success has far less to do with exceptional skill than with one’s ability to weather repeated failure and financial loss.

Keeping Everyone Afloat: Is Universal Basic Income the Answer?

Advocates and organizers who deal with the needs of the poor often say it's not really a housing/food/training issue, it's an income issue. So what would happen if we just addressed income?
A woman leads a credit building class at Stephens Creek Crossing, a Hope 6 property owned and operated by Home Forward.

An Opportunity for Housing Providers to Help Renters Build Credit

Of the 987 low-income renters whose rents were reported through a pilot program, 79 percent saw their VantageScore increase by an average of 23 points, and 15 percent moved into a lower credit score risk tier.
CFPB exterior

A Message for CFPB’s Kathy Kraninger: Stand with People, Not Profits

The CFPB's new head must unequivocally stand with low-income communities of color and restore public trust.
This Opa-locka, Florida resident had his loan request approved based on his character and not his credit score.

When a Person’s Character Trumps Their Credit Score

Some CDFIs approve loans based on a person’s character instead of their credit score. But they only recommend doing so when you know the applicant.
redlining map and racial equity

Can Using a Racial Equity Lens Increase Capital in Communities of Color?

If CDFIs adopted traditional appraisal standards to determine loan amounts, they'd make very few loans in the communities they were founded to serve.
Young students wearing red shirts laugh as they participate in a college-bound program in Indiana.

College Bound: A Look at Children’s Savings Accounts

Children's savings accounts for higher education, even those that have accumulated only small amounts of money, can change expectations for low-income students and they might also provide a vehicle for larger wealth transfers.
Black computer enter key

SoFi, Not So Good: Is This Virtual Redlining?

SoFi is practicing product segregation. It wants to serve affluent people with its best products and shunt low- and moderate-income borrowers into inferior products that do not meaningfully serve credit needs.