Asset building - Data/Research
Benefits Cliffs as a Barrier to Career Advancement for Low-Income Adults: Insights from Employment Services Providers
How do employment service providers explain benefits cliffs to clients who want to advance in their careers? To answer this question, the authors conducted three focus groups with a range of employment service providers.The authors conclude with several recommendations to help counselors manage complex benefits eligibility rules, the short-term needs of clients who face barriers to employment, and labor market information to guide training and employment decisions.
Businesses owned by black women have experienced unprecedented growth over the past two decades. This report, based on national data and a series of interviews with black women business owners, presents a summary of business owners' motivation, challenges, support and financial trends.
Entrepreneurship ecosystems leverage the resources of local communities to support entrepreneurs as they start and scale high-growth companies. This guide gives ecosystem builders an overview of key concepts and recommendations on how to develop high-growth entrepreneurship in communities of color.
Since the Great Recession, homeownership rates have dropped and the wealth divide has widened for low-income and racial and ethnic minority households. Homeownership is a significant contributor to household balance sheets and generator of household wealth, particularly for these populations. A contract for deed is a seller-financed real estate contract consisting of installment payments. For households that desire the financial and physical security of owning a home, contracts for deed may provide an inexpensive option. However, risks may exist. This discussion paper explores informal homeownership issues by tracking contract for deed sales in the Southeast.
In this fourth issue of the Quarterly Debt Monitor, covering the fourth quarter of 2016, the St. Louis Fed explores decreasing auto debt growth alongside a rise in subprime delinquencies on car loans. Over the past few years, strong lending of auto and student debt has buoyed total debt, accounting for the majority of credit expansion. This report offers a closer look at auto lending, including the factors that contributed to the expansion in this sector.
The third issue of Community Scope 2016 will offer a broad overview of the challenges faced by today’s watermen that may be precipitating their declining numbers and will discuss alternative and supplemental employment options that may be available to them.
Community Development Financial Institutions in the Southeast: Surveying the Social Investment Landscape
Volume 4, Issue 1 2016 of Community Scope uses the results of the 2015 survey to present timely key findings on CDFI activity in the Southeast, including capitalization, demand, capacity, non-lending programs and services, and impact investing.
Student Debt, Wealth Inequality, and the Return on a College Degree: The Role of Children’s Savings Accounts
Research shows that in time, an investment in higher education eventually pays off. However, the payoff of investing in higher education varies greatly depending on whether one graduates with or without student debt. This Chicago Fed blog, from November 2016, summarizes the disparity of investment returns in education between those with and without student debt, and ways to make such returns more equitable.
This Dallas Fed article provides an overview of the latest in Texas' payday lending field, highlighting impact on low-income communities, recent changes to local ordinances, the CFPB's proposed federal regulations and low-cost alternatives in the state and across the U.S.
Interested in learning consumer credit trends in your region? The Consumer Credit Explorer (CCE) is a new interactive tool for examining trends in consumer credit use at the regional, state, and national levels. The CCE enables users to look at quarterly changes in credit use indicators from 2005 to 2015 and to compare indicators across different areas. Check out the CCE and examine key credit use indicators related to mortgage debt, auto debt, student loan debt, debt collections, and others. Users can view these indicators by borrowers’ neighborhood income, credit score, and age.