Thank you to all who made the 2012 IABG Conference Assets Matter: A Bridge to Economic Security such an amazing experience. The conference brought together advocates, practitioners, researchers, grassroots community leaders, and financial institutions to highlight innovative asset building programs, share new research in the field, and discuss solutions for closing the racial wealth gap.
We are happy to share many of the presentations from the workshops and plenary sessions:
Throughout 2012 the Consumer Financial Protection Bureau (CFPB) sought insight into effective financial education from organizations across the the country. Through an Request For Information (RFI) process and individual meetings at four regional sites, the CFPB compiled and distilled the lessons learned from the field.
“Generally, students we work with have had very limited exposure to accurate financial information and have had few opportunities to bank and save. Through our work with students to provide practical real world financial experiences … [students] hope for and have a commitment to the future that can expand well beyond the arena of financial education.”-Tracy Frizzell, Executive Director, Economic Awareness CouncilServing Youth and Families
Prepaid cards are everywhere, but unlike debit cards linked to a checking account there are no formal federal regulations to protect consumers’ funds. Consumers and organizations have difficulty accurately evaluating their real-world costs because many prepaid cards have hidden fees with confusing disclosure forms. This webinar will provide clarity on prepaid cards, the regulations which govern them, and the direction of the industry.
“The participants in our program were homeless for a myriad of reasons, loss of employment, family disputes, mental illness, substance abuse etc… By providing educational coaching to groups and individuals I am able to help facilitate change and growth in our participants’ lives. I get the privilege of helping people realize the vision that they have for their lives.”-Sherri Allen-ReevesLife Skills ManagerAn Economic Development Strategy for Bronzeville
Despite a snowstorm, graduates of Heartland Human Care Services’ (HHCS) Asset Building Programs took center stage at the Hayes Center on March 5th. Graduates of the program included participants from HHCS's various asset building programs, including: Meet-Your-Match, IDEA, Family Self-Sufficiency, and the GEAR UP program.
You’ve heard about Individual Development Accounts (IDAs) through the asset building grapevine – savings programs that allow low-income populations to receive a cash match on their savings, for investing in a home, education, business, or other wealth-building assets. They sound like a good fit for your clients, but a lot of work! How do you get started with an IDA program, how do you staff it, and how do you fund it?
As America Saves week comes to an end in the midst of tax season, we thought we’d take a look at how people can save a portion of their refund. This year, Illinois’ State Earned Income Tax Credit (EITC) is larger than in previous years. A qualifying family of four receives a tax credit of $5,759 this tax season from their combined Federal and Illinois EITC. Add $1,000 per child from the Child Tax credit, and $7,759 in refundable tax credits can mean a big difference for working families.