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Thriving Residents, Thriving Cities: Family Financial Security Matters for Cities
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The economic health of cities and communities depends on the financial health and stability of their residents. Economically secure families are better able to weather temporary income drops independently and are less likely to rely on local services for housing support and cash assistance. Financially healthy adults can contribute more to the local economy, thus supporting property, sales, and income taxes. And financially healthy families are more likely to provide the stable housing conditions and support that children need to thrive and succeed.
Author: Breno Braga, Caroline Ratcliffe, Emma Kalish, Signe-Mary McKernan
Topic: Financial well-being
Publisher: Urban Institute
Location: United States
Format: Brief
Content Type: Research
Publication Date: April 21, 2016