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?
If CDFIs adopted traditional appraisal standards to determine loan amounts, they'd make very few loans in the communities they were founded to serve.
A: Yes! And keeps them safer than traditional homeownership does.
In our work to build communities of opportunity where low-income people and people of color can thrive, we must acknowledge that income is how you get out of poverty, assets are how you stay out.
Research shows a connection between the financial instability of families and the economic health of communities.
When this limited-equity cooperative in California began more than 30 years ago, it wasn’t the most affordable place to live. But now the co-op’s monthly costs are 50 percent lower than the average market-rate apartment.
Regardless of income level, a family that is just getting by is locked in a state of stress and vulnerability.
Targeted investments that address persistent poverty are necessary and should supersede financial support of a border wall.
The U.S. Census Bureau recently released Income, Earnings, and Poverty Data from the 2007 American Community Survey, and with it announced a new class...
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.