Subject: Asset Building

  • 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? Creating Children’s savings account (CSA) programs is not…

  • Context for the Racial Wealth Divide May Free American Minds, and Mindsets

    Recently there has been broader discussion about the Racial Wealth Divide—the current (and shockingly large) difference in wealth between Blacks and whites, along with the history of how it got to be this way. This discussion is extending beyond academic…

  • Millennial Women and Retirement Savings: Start Where You Are

    While history can be interesting to learn about, it’s more important to learn from. How can millennial women learn from previous generations? Know that just 100 American years ago, women were forced to rely on the men in their lives…

  • Not All Asian Elderly Are Well Off

    Video of Fox News personality Jesse Watters disrespecting Chinese people on the streets of New York’s Chinatown went viral last October. In the segment on the network's "The O'Reilly Factor", Watters mockingly interviews an elderly woman who apparently can’t understand him.…

  • Who Is Still Unbanked, And What Can We Do About it?

    The Federal Deposit Insurance Corporation (FDIC) has now published four reports, spanning six years of research, that quantify how Americans are accessing banking and alternative financial services. The recently-released 2015 National Survey of Unbanked and Underbanked Households found that approximately…

  • How Does Mobile Banking Affect the Unbanked?

    A representative of a network of convenience stores across the Mississippi Delta once told me that more than 70 percent of purchases in their stores were done with cash, a stark contrast to convenience stores nationwide, where 80 percent of…

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    In Which a Skeptic Is Won Over to Child Savings Accounts

    So I wrote an article on children's savings accounts for the most recent issue of Shelterforce. I ended up being quite a fan of them, thanks to the persuasive and knowledegable people I spoke with, but the truth is I…

  • In LA, A New Resource to Pull Families Back From the Financial Brink

    When it comes to household finances, “just getting by” is a difficult and dangerous place for a family to be. Regardless of income level, a family that is just getting by is locked in a state of stress and vulnerability.…

  • True Financial Capability Requires Expanding the Definition of Wealth

    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? As I read CFED's new book What It’s Worth,…

  • Financial Counseling and Coaching Need to be Professionalized

    Few of us grew up learning everything we needed to know in order to make smart financial choices. Maybe we learned a few valuable tips from family or friends, or perhaps we picked up some financial management skills in school.…

  • Scoring Homeownership: Looking at the Long Game

    At the end of January, CFED released its 2016 Assets & Opportunity Scorecard, the most comprehensive measure of the health of the American family’s financial balance sheet. At its core, the Scorecard evaluates the extent to which a family’s financial…

  • Is Rags to Riches the Right Measure?

    At the opening plenary of PolicyLink’s 5th Equity Summit, held this week in Los Angeles, Raj Chetty, the researcher who has found that moving to an area with higher opportunity and social mobility has lifelong effects for young children, set…

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    Keeping Justice in Mind as We Talk Asset-Building

    I attended my first ever Assets Learning Conference, put on by CFED last week, and I have to say it was mighty impressive. And I was particularly pleased to see that economic justice and things like reforming the tax code…

  • Does the Current Reliance on Credit Scores Deny Deserving Applicants?

    Last week, we asked readers if credit scores were too much of a driver in home loan approval. You answered overwhelmingly that yes, credit scores prevent often worth applicants from receiving loans, and that while scores can provide some useful…