Financial capability - Publications
By providing their workers with access to affordable, low-risk credit, companies could help ease personal financial stresses—and improve their own bottom lines. Read more in this June 2018 article from Community Dividend, an online publication of the Minneapolis Fed.
Demographics of Wealth 2018 Series — Essay No. 2: A Lost Generation? Long-Lasting Wealth Impacts of the Great Recession on Young Families
This second essay in the Center for Household Financial Stability’s 2018 “Demographics of Wealth” series explores the connections between a person’s birth year and measures of their family’s financial well-being, including income and wealth. The essay is based on an analysis of over a quarter-century’s worth of data collected by the Federal Reserve through its Survey of Consumer Finances.
Demographics of Wealth 2018 Series — Essay No. 1: The Financial Returns from College across Generations: Large but Unequal
This first essay in the Center for Household Financial Stability’s 2018 “Demographics of Wealth” series explores the connections between a person’s level of completed education and measures of their family’s financial well-being, including income and wealth. The essay is based on an analysis of over a quarter-century’s worth of data collected by the Federal Reserve through its Survey of Consumer Finances.
Bridges is a quarterly review of regional community and economic development issues, projects, and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics, and government officials that work in the Eighth Federal Reserve District. Feature articles in the Winter 2017-2018 issue include: New St. Louis Fed Tool Dives Deep into Community Investment; Cash on Hand Is Critical for Avoiding Hardship; Connecting a Memphis Community to the Built Environment through Equity; Investment Connection: The St. Louis Fed’s New Approach to CRA; CRA: An Examiner’s Perspective – Questions to Ask Workforce Development Partners; and more.
This issue of the Community Pulse presents the findings from our 2017 survey. Amount of/and or access to affordable housing, skill level of local labor force and general poverty were the top three current issues in the fifth district.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Spring 2017 issue include: Memphis and Beyond: Assessing the Market for CRA Investment; Does College Level the Playing Field?; Back to the Future: Financial Capability in Social Work Practice; CRA: An Examiner’s Perspective – Train for Results!; Entrepreneurship and Re-entry: Aspire Entrepreneurship Initiative; and more.
Read about C&B's transformation this fall into our new online magazine, Invested. Our spring 2017 feature article shares valuable lessons from the Boston Fed's Working Cities Challenge, an ongoing initiative to help smaller industrial cities in New England tackle social and economic problems. Also in this issue, we learn about the perils and abuses of land installment contracts, the value of community benefits agreements, and how entrepreneurship breeds opportunity in minority communities. Other articles highlight the importance of anchor institutions to local businesses, how "gamified" financial education seems to reinforce smart savings decisions, and we see evidence that pay-for-success approaches to preventing formerly incarcerated youth from reoffending can turn young lives around. Finally, we examine recent changes in the prospects for renters in New England.
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.
The second issue of Community Scope 2016 examines the patterns in geographic service provision by respondent CDFIs in urban, rural, low- and moderate-income (LMI), underserved and distressed markets and areas.
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.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Winter 2016-2017 issue include: Indianola Promise Community: Improving Academic Outcomes in the Delta; Working Together to Address the Wealth Gap; Community and Economic Development: Around the Globe and Back to the Mississippi Delta Region; 12 Steps to Financial Success: Empowering At-Risk Adults; Memorial Community Development Corporation: Putting Faith to Work; and more.
According to the 2016 Illinois Poverty Report, poverty rates are two to three times higher for Illinoisans of color. Black children in Illinois are nearly four times more likely to live below the poverty line than white children. In this 2016 article from the Chicago Fed's Profitwise News and Views, the author examines how a universal Children’s Savings Account (CSA) program has the potential to provide such a ladder out of poverty and toward long-term financial security–especially in communities of color.
Campaign organizers aim to saturate the Blackfeet reservation with messages about the opportunities and pitfalls that large legal payouts present. From Community Dividend, a publication of the Minneapolis Fed.
This 2016 article, from the Chicago Fed's ProfitWise News and Views, provides an in-depth look at The Center for Economic Progress (CEP), a local and national leader in providing free tax and financial services for low-income families, with a front-line presence in 15 Chicago area communities, and central Illinois. CEP’s mission comes to life through its three core service areas: tax preparation, tax legal clinic and asset building program.
Consumer debt grew rapidly in the years leading up to the Great Recession and contracted sharply in its immediate aftermath.This credit cycle played out unevenly among households with different financial means and in different parts of the country. While much attention has been paid to mortgages, other debt categories, such as automobile and student, play an important role in household finances. In this 2006 article, featured in ProfitWise News and Views, the Chicago Fed analyzes changes in the pattern of consumer credit during the period of the Great Recession by income group and loan category in Cook County overall, and compared to the nation.
This article from a 2016 Federal Reserve Bank of Chicago’s Profitwise News and Views publication provides an in depth look at the Cara Program. Since 1991, Cara has helped men and women affected by poverty to get and keep good jobs, and more importantly rebuild hope, self-esteem, and opportunity for themselves and their families in the process. Cara produces hundreds of jobs each year, at retention rates over 20 percentage points higher than national averages, and with over 80 percent of employed participants moving onto permanent housing in which their families can thrive.
This publication includes papers originally presented at the ninth biennial Federal Reserve System’s Community Development Research Conference. The authors of the essays in this volume explore a range of issues and concepts central to understanding how—and how well—people are able to move economically.
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.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Summer 2016 issue include: All Low- and Moderate-Income Areas Are Not Created Equal; Moving First-Time Buyers Off the Fence: Solving the Millennial Homebuyer Puzzle with Proven Online Solutions and Partnerships; Innovative Partnership Brings Hope to Small Towns; Entrepreneurship and Economic Development Fueled by Students and Faculty; Impacting Homelessness in Missouri; and more.
In this issue of 5th District Footprint, the Richmond Fed examines the share of people living in a county’s low- and moderate-income (LMI) areas. In the Fifth Federal Reserve District, the average county’s percentage of population living in LMI areas was 23 percent with a median of 18 percent. Financial institutions and regulators use the income level indicator to determine whether banking activity is taking place in targeted areas.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Spring 2016 issue include: Arkansas Communities Focus on Action, Reap Results; What Happens When the Least of These Gives the Most?; From Restaurant to Kitchen Incubator: Chef Space; Bioscience as a Foundation for Transforming St. Louis; The Information You Need for the Impact You Want: Two New Websites Link Data with Donor Action; and more.
Boosting the Power of Youth Paychecks: Integrating Financial Capability into Youth Employment Programs
This working paper from the San Francisco Fed summarizes the results of the first-ever quasi-experimental design study of a youth financial capability initiative seamlessly integrated into a youth workforce development program.
The Low- and Moderate-income Conditions Survey:A Summary of Seventh Fed District Community Development Practitioner Responses
Increased employment hasn’t translated into greater financial well-being, according to findings from the LMI ((low- and moderate-income) survey published by the Chicago Fed’s Community Development and Policy Studies (CDPS) Division. While surprising on its face, Seventh District respondents offer three broad reasons for this seeming contradiction.
The spring 2016 issue of the Boston Fed's Communities & Banking publication spotlights shocking racial wealth gaps in the Boston metropolitan area. Also, see our map on changes in home mortgage originations in New England.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Winter 2015-2016 issue include: Thrivers and Strugglers: A Growing Economic Divide; Neighborhood “House Economy” Teaches Youth Life Lessons; Grassroots Neighborhood Revitalization in Hyde Park; Collaboration: The Key to Champion Community Investments’ Success; How Housing and Health Care Nonprofits Can Increase Access to Medical Residential Services; Jacobsville Join In!; and more.
The Boston Fed's quarterly Communities & Banking magazine supports the economic strength of lower-income communities by sharing relevant research and best practices. The winter 2016 issue cover article looks at how the Military Lending Act has affected the use of alternative financial services by military personnel.
Financial Well-being: At the Convergence of People and Place – Reflections from a Chicago Conversation
Check out this brief collection of writings, based on a Chicago Fed convening and local conversation about financial well-being. This gathering was motivated by What It’s Worth, a joint publication of the Corporation for Enterprise Development (CFED) and the Federal Reserve Bank of San Francisco, collecting insights from thought leaders across the country on the topic of financial capacity for families and communities.
New research from the Philadelphia Fed, Gentrification and Residential Mobility in Philadelphia, explores the topic of gentrification and the effects of neighborhood change on vulnerable residents. This discussion paper provides an in-depth analysis on which neighborhoods in Philadelphia are gentrifying, who is moving into and out of gentrifying neighborhoods, and the experiences of vulnerable residents in those neighborhoods.
Bridges, a quarterly review of regional community and economic development issues, projects, and regulatory changes, is for practitioners from community-based organizations, CRA officers, academics, and government officials working in the Eighth Federal Reserve District. Feature articles in the Summer 2015 issue include: Innovative Credit Union Association Expands Access to Capital; Better Homes, Better Loans: Better Business; Binghampton Development Corporation: Building Assets and Communities; The Hager Educational Foundation: Empowering Citizens To Make Better Communities; and more.
The second student loan article in the Dallas Fed's Texas Consumer Credit Series explores possible factors influencing Texas student loan trends, higher education financing tools and circumstances that contribute to loan delinquencies. It shows that despite growing concerns, student loans are critical in bringing higher education–and a brighter financial future–within reach for many.
This third essay in the Center for Household Financial Stability’s “Demographics of Wealth” series from the St. Louis Fed examines the connections between age and wealth. The essay is the result of an analysis of data collected from more than 40,000 heads of households between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances.
This July 2015 newsletter from the Kansas City Fed announces an upcoming book on workforce development, examines a cluster-based model to supporting inner-city entrepreneurship in Omaha and provides updates on a borrowing guide for Native American communities. The newsletter also contains an interview with a Kansas City Fed economist on the role of millennials and boomers in the recovery of the multifamily construction market, as well as other news and events.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Spring 2015 issue include: Community Counts: Activating All Families To Save for Higher Education; Preparing and Promoting Communities through Economic Analysis; Designing Opportunity: Ending Generational Poverty and Re-establishing Economic Stability in Rural America; Building Creative Communities; and more.
This second essay in the Center for Household Financial Stability’s “Demographics of Wealth” series examines the strong correlation between education and money. The essay is the result of an analysis of data collected from more than 40,000 heads of households between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances.
This bimonthly newsletter from the Kansas City Fed provides information on community and economic development trends across the Tenth Federal Reserve District.
The St. Louis Fed’s annual Community Development Outlook Survey gathers input from a variety of stakeholders regarding the economic conditions of low- and moderate-income (LMI) households and communities in the seven states that make up the Fed’s Eighth District. Data from the survey is used to inform strategic planning, community and economic development, and public policy dialogue around issues and challenges for the District’s LMI areas.
Although the new "sharing economy" has raised its share of controversy, a presentation at the Atlanta Fed highlighted some of the benefits of these peer-to-peer markets. During a recent forum, New York University Professor Arun Sundararajan discussed one especially promising benefit—the potential to "democratize a higher standard of living." This article and series of brief video interviews with Sundararajan describes these services and how they are using technology to connect supply and demand in new ways.
How important is it for community college students to be financially capable? Consider that community colleges enroll nearly half of all U.S. undergraduates, many of whom are from disadvantaged backgrounds, and that financial challenges often disrupt their educational progress and impede prospects for future financial wellness. As part of its efforts to help promote the financial stability of New England’s low- and moderate-income (LMI) residents, the Boston Fed is working with regional community colleges to help students manage their financial lives effectively. In its new handbook, Promoting Pathways to Financial Stability, the Boston Fed describes the importance of this work and shares related experiences of institutions in different parts of the country. The handbook is a resource for community college personnel, potential partners, and supporters with an interest in building the capacity of students to navigate financial challenges and plan for their future.
One model of financial counseling couples education with delivery of point-in-time municipal services. This model and other issues relevant to financial education providers were topics at the Cities for Financial Empowerment Fund's 2015 annual meeting, hosted by the Atlanta Fed's Nashville Branch. This Partners Update article by the Atlanta Fed's Emily Mitchell summarizes highlights from the meeting.
This first essay in the Center for Household Financial Stability’s “Demographics of Wealth” series examines the connection between race or ethnicity and wealth accumulation over the past quarter-century. The essay is the result of an analysis of data collected from more than 40,000 heads of households between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances.
This first edition of Research in Brief examines the ways in which the type of bankruptcy filing — Chapter 7 or Chapter 13 — can have an impact on a household's future access to credit. Summarizing a working paper by Julapa Jagtiani and Wenli Li from the Federal Reserve Bank of Philadelphia, this brief provides insight into the outcomes of bankruptcy filings, including the implications for future access to unsecured debt and the impact of bankruptcy on future credit limits.
Increased demand and complexities could create a particularly challenging tax-filing season for Volunteer Income Tax Assistance providers this year. From the January 2015 issue of Community Dividend, a publication of the Minneapolis Fed.
U.S. job growth in 2014 was the best in 15 years, but not all those jobs pay enough to support a family. The ALICE project describes the population of workers struggling to afford basic necessities; this Partners Update article from the Atlanta Fed examines the Florida project results.
The first student loan article in the Dallas Fed's Texas Consumer Credit Series examines patterns and trends in student loan borrowing and its impacts. Part 1 shows that Texas' average student loan balance is lower than the national average, while delinquency rates are higher.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Fall 2014 issue include: How the Shrinking of the Labor Force Might Impact Your Community; St. Louis Initiative Increases Youth Labor Force Participation; Broad Avenue’s New Face; Hands-On Commitment to Financial Education; and more.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Summer 2014 issue include: Treasury’s myRA To Debut in Late 2014; RISE to the Challenge: Immigrant Entrepreneurship in Louisville; Creating Opportunity Pathways for Asset Development; Redefining Historic Preservation; and more.
Analyzing Home Mortgage Disclosure Act (HMDA) data, researchers at the Boston Fed provide a brief overview of New England's mortgage lending activity in 2012 and evidence of disparities in loan origination outcomes for borrowers of various incomes, races, and ethnicities in this Community Development Issue Brief from November 2014.
Disagreement over the nature of poverty and debate over how to address it are part of a long-running narrative in our nation. In a new essay published in Ledger, the Boston Fed's economic education journal, writer Bob Jabaily looks at three aspects of this narrative: the recurrence of certain themes in America's response to poverty, the ongoing discussion over how to define and measure poverty, and some of the more notable efforts to document the lives of poor people and raise awareness of poverty.
This issue of Community Investments from the San Francisco Fed focuses on the efforts that help households build on their earnings and invest in their future. Highlighted here are programs and policies that expand consumer access to more affordable financial products; support renters in building their credit history; and provide assistance to families investing in their futures through children’s savings accounts, entrepreneurship, and retirement.
In the Report on the Economic Well-Being of U.S. Households, the Federal Reserve Board provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face, based on responses to the Board's 2013 Survey of Household Economics and Decisionmaking. The report provides insight into numerous topics of current relevance to household finances, including: housing and living arrangements; credit access and behavior; education and student loan debt; savings; retirement; and health expenses.
Buying a home is exhausting enough; does it help to add hours of financial counseling to the process? In a longitudinal study by the Philadelphia Fed, researchers evaluate the effectiveness of pre-purchase homeownership and financial management skills counseling. The study improves on previous efforts by employing an experimental design methodology, and it tracks study participants’ creditworthiness over time. Two key findings: pre-purchase homeownership counseling improves financial capability, and more hours of counseling produce greater outcomes for participants.
This edition of the Philadelphia Fed's Cascade provides highlights from the 2014 Reinventing Older Communities: Bridging Growth & Opportunity conference. The major themes of intergenerational mobility and equitable growth and subthemes of education, employment, and revitalization appear throughout the issue. Articles focus on measuring intergenerational mobility and economic growth in the Third Federal Reserve District; reversing the cycle of poverty through education and mentoring, as well as workforce development; exploring the future of community development corporations (CDC) and measuring CDC impact; and more.
The Kansas City Fed provides financial forms, checklists and other resources to help consumers and small business owners prepare before and recover after disaster strikes. These resources were developed from a series of focus groups and meetings held in the tenth district.
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.
With the price of a college degree rising, students and families are taking on more debt. Is it paying off? Two Cleveland Fed researchers look at trends in student loan debt for young households and find that, by going to college, one is likely to end up in a household that earns a considerable wage income premium throughout its working life but which also has a sizeable amount of college debt early on. There is one education group for which this does not hold: those with some college but no degree. These households, which on average make up 32 percent of those 22 to 29 years of age and 25 percent of those 30 to 65 years of age, have some college debt but get little to no labor market benefit.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials that work in the Eighth Federal Reserve District. Feature articles in the Spring 2014 issue include: Local Innovation, National Impact: Engaging Municipal Government in Financial Empowerment; Enrollment, Student Debt and LMI Communities; We’ve Met the Solution, and It Is Us; West Tennessee Day Trippin’: Rural Tourism Campaign Builds Regional Partnerships for Community and Economic Development; From the Ozarks to the Delta: A Historical Perspective of Regional Poverty in Arkansas; and more.
The Dallas Fed summarizes findings from a research study conducted in a South Dallas neighborhood which tests how gateways (basic bank products) and stepping stones (asset building financial products) can put households on a path to financial security.
Older adults face unique situations in the post-financial crisis economy. How are they managing financial transactions with new and emerging technologies? How well are they navigating an increasingly complex financial marketplace? The Federal Reserve Board of Governors convened several events and published a forum briefing paper on this topic.
Payments systems are evolving rapidly in the US. This report presents findings from the Federal Reserve Board of Governors' third annual survey on consumers' use of mobile financial services, conducted in December 2013.
The state of the student loan market has received much attention in recent years, as the number of borrowers and their collective debt have risen dramatically. These trends have been particularly problematic in the wake of the 2007–09 recession because increased unemployment and suppressed income impair borrowers’ ability to make payments on their loans. This Cascade Focus, published by the Philadelphia Fed, outlines the recent history of student borrowing in the Third Federal Reserve District and explores lending patterns, by the neighborhood income of the borrower, to better understand the implications for low- and moderate-income communities.
This edition of the Philadelphia Fed's Cascade focuses on ways to strengthen household financial stability after the recession, why the unbanked use alternative financial services, the use of tax-time savings programs to build assets, the Cities for Financial Empowerment Coalition, and student loan debt. It also includes an interview with Sandra Braunstein of the Federal Reserve Board of Governors on the Federal Reserve’s role in community development, a Mapping Our Community feature on the distribution of household income, and a memorial to Frederick Heldring, former Philadelphia bank CEO and a founder of the Delaware Valley Mortgage Plan.
Postsecondary educational expenses and student loan balances have been trending steadily upward, but persistent unemployment and weak economic conditions have created an alarming new trend of rising student loan defaults. This research brief from the San Francisco Fed examines broad trends in student borrowing in the Federal Reserve’s 12th District, with an emphasis on students from low- and moderate-income households.
Within the Federal Reserve’s 12th District, over 4 million families and individuals received the Earned Income Tax Credit (EITC) for tax year 2007, totaling over $8 billion in credits. In this research brief, the San Francisco Fed examines trends in EITC usage across the 12th District and looks at how the EITC and tax time provide a unique opportunity to link lower-income households to financial services and promote asset building.
Launched in 2011 by the San Francisco Fed, this project collects input from community stakeholders about the issues and trends facing low- and moderate-income communities in the 12th District. Reports synthesize key themes that emerge from the surveys.
Using data from U.S. Census Bureau, this research brief from the San Francisco Fed analyzes the changing geography of poverty in the Bay Area. It focuses on the nine-county San Francisco Bay Area and explores the demographic changes that took place between 2000 and 2009.
This Dallas Fed article highlights an innovative housing program addressing the needs of homeless veterans in the northern Louisiana portion of the the 11th District. Volunteers of America of North Louisiana provides transitional housing and supportive services including comprehensive health care, vocational rehabilitation and financial education.
This Dallas Fed article highlights United Way THRIVE, an innovative community financial stability collaborative of 21 service providers, launched and led by United Way of Greater Houston. In 2013, the effort guided 52,000 Houston-area families in reaching three financial stability objectives: increasing income, building savings,and acquiring assets.
The Dallas Fed highlights the importance of filing for the Earned Income Tax Credit (EITC), avoiding alternative refund settlement products and Volunteer Income Tax Assistance (VITA) programs in maximizing tax savings for low- and moderate-income families.
This report published by the San Francisco Fed provides research findings from two different phases of “MY Path,” a financial capability initiative that provides employed disadvantaged youth with peer-led financial education trainings, a savings account at a mainstream financial institution and incentives to set and meet savings goals.
From Cashing Checks to Building Assets: A Case Study of the Check Cashing/Credit Union Hybrid Service Model
This case study from the San Francisco Fed examines the pilot effort of Community Trust Prospera (CT Prospera), a division of Self-Help Federal Credit Union, to combine the accessible services of a check-casher with the longer-term depository and lending relationship opportunities of a mainstream financial institution. It is intended to capture lessons learned thus far and provide an informational resource for any organizations that are interested in learning from the model.
This issue of the San Francisco Fed's CDIR is dedicated to a simple idea: innovative ideas to solve poverty should not stop at the national border. There are too many good ideas abroad that can help inform our practices domestically, and good ideas here that can be relevant to other countries.
The Boston Fed conducts a semi-annual survey of service providers' perceptions of the economic and financial conditions of lower-income communities and individuals in New England and the organizations that serve them. Read about the results of their October 2013 survey in this report.
The Spring 2014 issue highlights the State Small Business Credit Initiative that is helping fund small businesses across the Tenth District by leveraging private lending. The issue also spotlights an Albuquerque collaboration assisting underserved families and children, and the use of crowd funding as a tool for social entrepreneurship. In addition, the issue features a Q&A with Mark Pinsky, president and CEO of Opportunity Finance Network, on the challenges facing CDFIs in the wake of the Great Recession.
The Boston Fed has created a powerful, time-saving, easy-to-use tool for people interested in the New England region. The tool uses census data to compare the demographic characteristics of lower-income and higher-income areas within a city. It also provides aggregate information for New England states and for the region as a whole
In disadvantaged neighborhoods, the condition of the housing stock can vary from block to block. On one block, homes appear well kept and in good condition, while on another, many homes show signs of physical distress. Since the blocks within the same neighborhood are often similar in terms of home values, what accounts for this pattern? And is there any contagion effect of home maintenance? Researchers at the Boston Fed examine this issue in several Boston neighborhoods in this report.
The Kansas City Fed summarizes findings from a series of roundtable discussions held on the issues of workforce development and the chronically unemployed.
A study of the underbanked and unbanked in the Tenth Federal Reserve District looks at households who rely on non-banks to meet all or some of their basic financial needs.
The summer 2013 issue of 5E Navigator examines student loans and directs readers to information and tools for managing student loan repayment.
The March 2014 issue of the 5th District Footprint looks at earned income tax credit (EITC) usage and its potential economic benefits within Fifth Federal Reserve District zip codes.
This article provides a recap of the Asset Development Summit for Persons with Disabilities Summit, which brought together Chicago-area disability and asset building partners to discuss how to work together to expand economic empowerment opportunities for persons with disabilities. The February 2013 summit was hosted by the Chicago Fed’s Community Development and Policy Studies (CDPS) Division.
This Atlanta Fed case study highlights the innovative work done by the United Way Center for Financial Stability to leverage partnerships that provide low- and moderate-income individuals in South Florida with personalized financial coaching, credit counseling, tax preparation and other services.
Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics and government officials. Feature articles in the Fall 2013 issue include: Increasing Density: A Small-Town Approach to New Urbanism; Women Helping Women: Healing Hearts Bank at Redevelopment Opportunities for Women; The Graying of America: Preparing for What Comes Next and more.
In this inaugural issue of the 5th District Spotlight, produced by the Richmond Fed, key facts about the unbanked populations in the U.S. and within the Fifth Federal Reserve District are presented in an Infographic format.
The June 2013 issue of 5th District Footprint reveals that West Virginia has the highest and District of Columbia has the lowest student loan deliquency rates in the Fifth District. Student loan delinquency rates were above the national average in more than half of the Fifth District counties.
The Spring 2013 issue highlights research on the impact of the Great Recession on low- and moderate-income communities. Also included are FAQs about the Fed's role in community and economic development, an interview with NeighborWorks America's Midwest director, CRA 101 tips for nonprofit organizations to work more effectively with financial institutions, and an overview of workforce development initiatives.
A resource from the Dallas Fed for consumers, community leaders, teachers and students available in print, online interactive and mobile app as well as lesson plans and interactive whiteboard apps for teachers. Building Wealth covers the basics of setting financial goals, budgeting to save, saving to invest, building credit, controlling debt and protecting the wealth you accumulate.