Financial capability - Multimedia
The Federal Reserve Board released the fifth annual Report on the Economic Well-Being of U.S. Households. The report found that overall financial well-being continued to improve in 2017, extending the gains over the past five years. Yet, notable differences in well-being remain across race, ethnicity, education groups, and locations. Access the report, summarizing the survey's findings, and download the survey data on the Board's website.
The NY Fed's Community Reinvestment Act Portal is a one-stop-shop for financial institutions, community organizations, and other stakeholders seeking information and resources related to the CRA. The website also includes the interactive tool “Find Your Bank”. This tool is a sortable table which includes 10 years-worth of information on NY Fed supervised financial institutions and their CRA performance.
WEBINAR | Advancing Financial Inclusion: Innovative Financial Products and Services for Low-Income Households
According to the Aspen Institute, more than 50 million Americans live in or near financial crisis, and a growing number lack savings cushions to weather emergencies. Organizations across the country are developing solutions to address volatility and financial inclusion and to support households in managing cash flow and building savings, increasing credit and confidence along the way. Tune in to this free, one-hour Connecting Communities® webinar to hear from leading experts as they engage in dialogue about research, current initiatives and best practices to help address the challenges low-income households face in the financial marketplace.
This article highlights the 8th consecutive gathering of the Appalachian Funders Network (AFN). Foundations and grant makers met in Central Appalachia to participate in a working meeting about aligning their investment resources.
This new 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 successful programs that help provide access to opportunity for low- and moderate-income individuals and families. The latest episode, "Access to Healthy Neighborhoods," explores the intersection of community development and health, and features an organization that engages neighbors to build vibrant communities. All episodes are available at accesspodcast.org or on iTunes, Stitcher and TuneIn.
The following video presents information on the Small Bank and Intermediate Small Bank CRA Examination. The Community Reinvestment Act encourages depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.
Conversations from Thought Leaders on Economic Mobility: Reflections and Insights on Recent Research and Ideas
This Connecting Communities® webinar was inspired by a collection of essays released by the St. Louis Fed and the Fed's Board of Governors. Speakers reflect on the current state, existing challenges and opportunities that exist to shape a better future. Presenters include: Ray Boshara, director of the St. Louis Fed’s Center for Household Financial Stability; David Buchholz, deputy associate director of Consumer & Community Affairs at the Federal Reserve Board; Erin Currier, director of financial security and mobility at The Pew Charitable Trusts; and Nisha Patel, executive director of the US Partnership on Mobility from Poverty.
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 Exploring Innovation in Community Development webinar, from Oct. 18, 2016, focuses on innovative programs and products that are available to assist individuals and families save, as well as various ways to make saving a fun and satisfying experience. Speakers include Theresa Schmall from CFSI and Nashila Somani-Ladha from the Doorways to Dreams (D2D) Fund.
This Exploring Innovation in Community Development webinar on Sept. 22, 2016, focuses on challenges that young adults face in putting financial knowledge into practice, as well as tools and strategies that build financial capability and long-term financial stability. Experts, including Leigh Phillips from EARN, Margaret Libby from MyPath, and Lisa Potts, from People's Community Action Corp., share what innovative programs and platforms are available to incent goals and savings, and equip youth with critical tools at pivotal learning opportunities.