Equitable Tax Reform Begins at Home(ownership)
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.
Despite Progress, States Have Work to do to Ensure Access to Affordable Rental Housing...
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?
After a Far Fall, Is Louisiana Becoming a Better Place for its Lower Income...
When the 2017 Prosperity Now Scorecard was published last month, it was no surprise that Louisiana ranked second-to-last among all 50 states and the District of Columbia, as it typically falls somewhere near the bottom. In many ways, the Scorecard confirmed what we already knew: that most Louisiana families, especially low-income families and families of color, are not faring well financially. What was surprising, however, was how far Louisiana had fallen.
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.
CDFIs Led By People of Color Face Financial Disparities Too
A lack of access to capital, capacity-building resources, and technical assistance significantly constrains the ability of CDFIs led by people of color to achieve greater impact.
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.
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.
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?
Why Giving Up on Homeownership Is Giving In
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.
These States Are Trying to Level the Field for Disadvantaged Students
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?
Entrenched Poverty, Juxtaposed Against Occasional Pockets of Progress
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.
Context for the Racial Wealth Divide May Free American Minds, and Mindsets
Black people were excluded from many of the income and wealth-building programs that helped build the foundation of white Americans’ wealth today.
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.
Not All Asian Elderly Are Well Off
Too many of us have the misconception that elderly Asian Americans live a charmed life that is financially secure with strong family ties. This isn’t accurate.
Who Is Still Unbanked, And What Can We Do About it?
Seven percent of U.S. households, a group roughly the size of the population of Australia, were “unbanked” in 2015, meaning they have neither a checking nor savings account. This is the lowest unbanked rate recorded since the survey first launched in 2009
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?
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.
In Which a Skeptic Is Won Over to Child Savings Accounts
While I am a firm believer in equal access to higher education for all, it’s over-emphasized in our individualistic culture as a solution to society’s woes.
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.
Is Financial Unsteadiness the New Normal?
A yearlong analysis of 200-plus households suggests that we should add a third leg to the financial security stool along with income and assets: cash flow.