Discover financial empowerment resources
Discover financial empowerment resources
Widespread household financial insecurity is an undeniably urgent crisis in the United States today. A stunning 51 percent of U.S. households have expenses that are equal to or greater than their income, and 55 percent lack the necessary savings to weather a simultaneous income drop and expense...
Having wealth, or a family’s assets minus their debts, is important not just for the rich— everyone needs wealth to thrive. Yet building the amount of wealth needed to thrive is a major challenge. Nearly 13 million U.S. households have negative net worth. Millions more are low wealth; they do...
COVID-19’s effects have underscored the ways that racism, bias, and discrimination are embedded in health, social, and economic systems. Black, Indigenous, and Latinx people are experiencing higher rates of infection, hospitalization, and death, and people of color are also overrepresented in...
In this video presentation Katherine Scott from the Canadian Council on Social Development (CCSD) shares the new Neighbourhood Financial Health Index, a mapping tool which uses composite data about income, assets, debt, and poverty to show levels of financial health at the neighbourhood...
The research and policy symposium on income volatility was held on March 9, 2018, in Toronto, Ontario. Speakers from Canada and the United States present on key research findings on the nature of income and expense volatility in the early 21st Century. Speakers also suggest policy solutions to...
As the work environment has evolved and jobs look more different, it is important to understand the impact of these changes on income—predictability, variability, and frequency—and how this affects the opportunity for mobility. Because of the complexity of income volatility, there is a unique...
Persons with a disability face a higher risk of low income compared to the overall population. This report uses data from the 2014 Longitudinal and International Study of Adults (LISA) to study the relationship between low income and characteristics of people aged 25 to 64 with a disability,...
In recent years, many states and some local governments implemented or expanded their own, supplemental Earned Income Tax Credit (EITCs). The expansion of state EITCs may have stemmed in large part from wanting to provide a more generous program than the federal program, because state EITCs...
Using information from the FINRA Investor Education Foundation 2012 National Financial Capability Study, we examined financial capability among people with and without disabilities. Respondents noted as having disabilities throughout this report selected “permanently sick, disabled, or unable to...
Between 1994 and 2008, social-assistance usage rates across Canada fell at a remarkable rate, with the fraction of the non-elderly population drawing social assistance dropping by half over the 14-year period. Because social assistance can be considered the final layer of the public social safety...
Spanning over four decades, the Panel Study of Income Dynamics (PSID) is the world’s longest-running household panel survey. The resulting data archive presents research opportunities for breakthroughs in understanding the connections between economic status, health and well-being across...
Women’s economic well-being has many contributing factors, principally current income. However, income alone may not provide a full picture of women’s current and future economic well-being. Other determinants of families’ and individuals’ economic well-being, such as assets, debts and net...
This report, “Determinants of Asset Building,” provides a policy-oriented conceptual framework that has the potential to explain saving and asset accumulation across the entire population and to account for the low levels of saving and asset accumulation in the low-income population. The report...