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...
Since 2017, the Canadian Observatory on Homelessness and A Way Home Canada have been implementing and evaluating three program models that are situated across the continuum of prevention, in 10 communities and 12 sites in Ontario and Alberta. Among these is an early intervention called Youth...
This report explores the behaviors and outcomes related to savings and financial well-being of low- and moderate-income (LMI) tax filers in the United States. Findings from research conducted by Prosperity Now, the Social Policy Institute at Washington University in St. Louis and SaverLife...
This is the second in a series of briefs produced by a partnership between the Aspen Institute’s Expanding Prosperity Impact Collaborative (EPIC), Washington University’s Center for Social Development (CSD), and the Intuit Tax and Financial Center. The first brief highlighted new data on the...
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...
This study addresses these gaps in the literature through an evaluation of a nationwide credit counselling program called Sharpen Your Financial Focus, an initiative launched by the National Foundation for Credit Counseling (NFCC) in September of 2013. The Sharpen initiative builds upon and...
Despite progress on many fronts, the number of people becoming homeless in Canadian cities was not declining. As a consequence, there has been a discernable shift in municipal responses to homelessness in recent years. Inspired by policy innovations in the United States, a number of cities are now...
Approximately 2 million Ontarians live in low-income households, many allocating a significant portion of their finances to powering their homes. In these situations, electricity costs can force individuals to have to decide between paying energy bills and providing for other essential food,...
This report marks the first evaluation that looks at the impact of financial literacy training on 75 street-involved youth, served by Operation Come Home in Ottawa, Canada. The purpose of this evaluation was to measure the impact of financial literacy training on job, school, and housing retention...
In 2005 the Financial Services Authority (FSA) commissioned the Personal Finance Research Centre to undertake an exploratory, methodological study to design a baseline questionnaire that could be used to measure levels of financial capability in the UK. In this report we begin by outlining the...
Ending homelessness in Canada requires partnerships across public, private, and not-for-profit sectors. Preventative measures, and providing safe, appropriate, and affordable housing with supports for those experiencing homelessness is needed. This paper provides a series of joint...