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.
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.
In this issue of Community Investments from the San Francisco Fed, we look into some of the reasons why we are seeing a degree of disconnection between what veterans need and the resources available to them. As we consider how the public can address these missing links, this issue’s articles provide evidence from local initiatives demonstrating effective ways for communities to recognize, support, and collaborate with veterans in the arenas of employment, housing, education, and financial stability. Many of the efforts presented here also highlight the ways in which veterans themselves are serving and supporting their fellow veterans and their broader communities.
Raise the Floor, Build the Ladder: Good Jobs for New Mexico’s Workforce is a statewide summit to explore program, policy and funding supports for low-wage workers and employers in New Mexico. The summit, April 28 in Albuquerque, will be presented by the New Mexico Direct Caregivers Coalition in partnership with the Federal Reserve Bank of Kansas City and the Con Alma Health Foundation.
Roughly 30 million Americans live in communities without adequate access to healthy food. This Connecting Communities® webinar will offer fresh perspectives on understanding and addressing food-access issues. Experts include Shelly Ver Ploeg, Senior Economist, U.S.D.A.; Mark Kudlowitz, Director of Programs and Native Initiatives, U.S Dept. of the Treasury; and Yael Lehmann, Executive Director, The Food Trust.
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.
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.