Featured - Community Development Resources
The Federal Reserve Board has released its sixth annual Report on the Economic Well-Being of U.S. Households. Based on the Board's annual Survey of Household Economics and Decisionmaking conducted in October and November of 2018, the report provides insights on individuals’ income, employment, dealing with expenses, bank and credit access, housing decisions, education, student loans, and retirement. A new topic in this year’s report—aimed at understanding the experiences of bank customers—is the ability of adults to access funds in their bank accounts.
Where a person lives matters—a ZIP Code can often predict a person's likely economic, health, education, and life outcomes. In this video, Raphael Bostic, president of the Atlanta Fed, discusses why fair housing matters, reflects on the legacy of housing discrimination, and describes the progress made to prevent housing discrimination and further fair housing as well as what remains to be done. The Fair Housing Act of 1968 made it illegal to discriminate in the sale or rental of housing, including against individuals seeking a mortgage or housing assistance, or in other housing-related activities, based on a person's race, color, national origin, religion, sex, familial status, and disability. Yet 50 years after the passage of this landmark legislation, housing remains segregated by race and income in many neighborhoods across the United States.
The Federal Reserve Bank of Kansas City is hosting a three-part webinar series to promote the Federal Reserve System’s Investing in America’s Workforce initiative. Each webinar will feature authors and promote issues presented in one of the three volumes of the Investing in America’s Workforce book. The first webinar will take place on May 30 and features three authors in Volume 1: Investing in Workers.
REGISTER NOW for Policy Summit 2019: Connecting People & Places to Opportunity hosted by the Federal Reserve Banks of Cleveland, Philadelphia, St. Louis, Minneapolis, and Chicago on June 19-21 in Cincinnati. This biennial conference will explore the theme of economic mobility and resilience within and across urban, suburban, and rural communities in the United States. Sessions will address questions such as: How are an individual’s prospects for getting ahead changing given growing regional disparities, persistent poverty, and racial segregation? Are place-based or people-based policies more effective, and in what contexts? What can policymakers and practitioners do to improve the likelihood that people, businesses, and communities are set up for long-term success in today’s marketplace?
Economic trends indicate stark racial disparities in the labor market. Black and white workers experience such distinct labor market outcomes that the highest level of white unemployment has rarely exceeded the lowest level of black unemployment over the past four decades. Using findings from recent studies and data from the Federal Reserve Board's 2017 Survey of Household Economics and Decisionmaking (SHED), this special topic brief elaborates on the persistent black-white unemployment gap and highlights barriers to obtaining and maintaining employment. This brief is the third of a series based on research and roundtable discussions with community leaders throughout the country as of the Federal Reserve's Investing in America's Workforce (IAW) Initiative.
Learn about investing in workforce development systems in this new three-volume book Investing in America’s Workforce: Improving Outcomes for Workers and Employers. More than 100 authors share the latest research, best practices, and resources on workforce development focused on three distinct areas: Investing in Workers, Investing in Work, and Investing in Systems for Employment Opportunity. The publication is the result of a two-and-a-half-year collaboration between the Federal Reserve System, the Heldrich Center for Workforce Development at Rutgers University, the Ray Marshall Center at the University of Texas at Austin, and the W.E. Upjohn Institute for Employment Research. Download your free copy today at www.investinwork.org/book.
Amplificando la Voz de los Trabajadores en una Economía en Constante Evolución, or in English, Amplifying Workers’ Voices in an Evolving Economy, is the second installment of Invested’s series on Many Roads to Quality Work. Translated for the benefit of Spanish-speaking workers, Amplificando la Voz discusses the history and future of worker representation, highlights emerging forms of empowerment for disenfranchised workers, and looks at ways that meaningful engagement of employees also benefits employers and communities.
The second issue of the Boston Fed’s Invested magazine series on quality work explores innovative ways of amplifying workers’ voices in an evolving economy. The emerging forms of representation showcased in this issue could be especially helpful to marginalized workers such as those in the domestic services industry, many of whom are Spanish-speaking immigrants. To make this content more accessible to this population, we launched a “special edition” of Issue 2 in Spanish containing three key content sections and the full audio and transcript of our interview with a local domestic worker-leader.
Consumer & Community Context is a new article series from researchers at the Federal Reserve Board. The series features original analysis of financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods. The first issue focuses on two questions regarding student loan debt: can it explain low homeownership rates for young adults, and does it affect millennial migration patterns or "rural brain drain"?
The authors of this article examine how the 2014 reauthorization of the federal Child Care Development Block Grant is—or isn’t—helping families and child care providers. From Community Dividend, an online publication of the Minneapolis Fed.
Using recently released American Community Survey data, the Center for Indian Country Development (CICD) at the Minneapolis Fed provides the first evidence of the Digital Divide extending to Indian Country. The CICD finds that broadband access on reservations lags behind national averages, but also that some Native Nations have broadband access rates far higher than the national average. Increasing broadband access in Indian Country may lead to expanded economic opportunities.
This podcast asks community members and organizations across the U.S. about the challenges they are facing and solutions they’ve found for significant social issues like economic mobility, affordable housing, small business development and community reinvestment. Each episode showcases programs that help provide access to opportunity for low- and moderate-income individuals and families. The latest episode, "Access to Local Food Systems as a Rural Economic Driver," features an organization that bolsters regional agricultural enterprises to create jobs in rural areas. All episodes are available at accesspodcast.org or on iTunes, Stitcher and TuneIn.
Ever wonder about the Federal Reserve’s involvement in the field of community development? Wonder no more. Released in June 2014, Federal Reserve Community Development Perspectives: A summary of activities, insights, and future opportunities answers the "what," "why" and "how" of the Fed's role in community development. The report highlights the Fed’s recent efforts to address barriers to economic growth, and promote fair and informed access to financial markets. Featuring brief summaries of its community development work organized into four focus areas--people, place, the policy and practice of community development, and small business--the report includes background information that helps to provide context for this work, a sampling of key research, outreach programs and other initiatives, as well as some ideas on future challenges, needs and opportunities.