The Illinois Asset Building Group (IABG) is a diverse statewide coalition invested in building the stability and strength of Illinois communities through increased asset ownership and asset protection.

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51.9% of Illinois Seniors do not have any retirement income aside from Social Security

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Featured Blog Posts

Illinois Ranked 32nd in the Country for Asset Poverty

According to 2012 Assets & Opportunity Scorecard, asset poverty is on the rise in Illinois. The Scorecard, released today by our national asset building partners at the Corporation for Enterprise Development (CFED), reports that 1 in 4 Illinois residents has almost no savings or other assets to help them stay afloat in a financial crisis. This is a 5% increase from just one year ago.

January 31, 2012 | 7:20am | Lucy Mullany
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New IABG Website Launched

We are excited to announce the launch of the new IABG website. The website provides a place for our partners to share information and learn about new asset building research, ongoing campaigns, and new resources for practitioners. You'll find:

January 18, 2012 | 11:37am | Lucy Mullany
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The Illinois State EITC Doubles

Yesterday, Governor Quinn signed into law  a bill that will doubles the state's Earned Income Tax Credit (EITC) over a two year period and boosts the personal exemption by $50 to $2,050. The bill also ties the credit to the inflation rate. Currently, the Illinois EITC is at 5% of the federal EITC. This new legisation will increase the credit to 7.5% next year and 10% the year after.

January 11, 2012 | 9:57am | Lucy Mullany
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