The Brookings Institution
|
|
|
- Tobias Stevens
- 6 years ago
- Views:
Transcription
1 The Brookings Institution Metropolitan Policy Program Matt Fellowes, Senior Research Associate Redefining Working Family Policy: State Innovation in the Ownership Society National Conference on State Legislatures Fall 2005 Forum
2 Redefining Working Family Policy: State Innovation in the Ownership Society I What s the context for state innovation? How are low-income families fairing in the ownership society? II What are the different types of state innovations that benefit lowincome working families? III What are the promises and perils of this state innovation?
3 How are low income families fairing in the ownership society? A seesaw comes to mind
4 Homeownership is up, but so are foreclosures and bankruptcies 6 Bankruptcy filings (per 1,000 people) Q4 1984Q4 1988Q4 1992Q1 1995Q4 1999Q4 2003Q4 Source: Fellowes and Katz (2005), The Brookings Institution
5 Welfare rolls are down, but the poverty rate is trending up 25% 20% 15% 10% 5% National poverty rate Central city poverty rate 0% Source: Fellowes and Katz (2005), The Brookings Institution
6 Unemployment is falling, but wages lagged inflation for most of the last three years Real Average Hourly Earnings $16.80 $16.70 $16.60 $16.50 $16.40 $16.30 $16.20 $16.10 $16.00 $15.90 $15.80 $15.70 Jan-00 Apr-00 Jul-00 Oct-00 Jan-01 Apr-01 Jul-01 Oct-01 Jan-02 Apr-02 Jul-02 Oct-02 Jan-03 Apr-03 Jul-03 Oct-03 Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Source: Bureau of Labor Statistics
7 Bottom line: An increasing number of low-income families work and own assets like homes; but at the same time financial insecurity has significantly increased. Of course, none of these trends are even across the country.
8 Source: Matthew Fellowes, The Brookings Institution
9 Redefining Working Family Policy: State Innovation in the Ownership Society I What s the context for state innovation? How are low-income families fairing these days? II What are the different types of state innovations that benefit lowincome working families? III What are the promises and perils of this state innovation?
10 There has been some state innovation within the traditional envelope of working family policies 1. Broaden access to jobs Includes: Workforce development, spatial access to jobs, economic development, education.. 2. Make work pay Includes: Minimum wage laws, access to federal benefits (e.g., EITC), asset development, worker benefits..
11 But, there s also a 3 rd set of strategies emerging, which hold out a potentially powerful set of opportunities 3. Reduce the costs of living Food Housing Utilities Furniture/Appliances Transportation Insurance Other
12 Low-wage families pay higher prices than higher income HH for nearly every basic necessity Fixed Price Price Premium for Low-Income Families
13 For example, low-income families pay higher prices for mortgages $225,000 $200,000 $175,000 $150,000 $125,000 $100,000 $75,000 $50,000 $25,000 $- - The loan range borrowed by the middle 50 % - The APR range paid by the middle 50 % $0-9k $20-29k $40-49k $60-69k $80-89k $100k+ Household Income 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Source: Fellowes and Katz (2005), The Brookings Institution
14 Potentially thousands of dollars in extra income can be put back into the pockets of low-income working families for investments in educations, homes, and retirements. $100s more to buy the same car $100s more to borrow the same amount of money for an auto loan $100s to $1,000s more to insure the same car and driver More to buy food in their neighborhood $100s more to access the same amount of money $100s more to borrow the same short-term loan amount $100s more to establish the same type of utility service $100s more to borrow the same amount of money for a home loan $100s more to insure the same value of a home $100s more to buy the same appliances and furniture
15 To do this, state and local leaders are contending with three major causes of higher prices Higher Risk Market Abuses Information Deficits
16 States and market entrepreneurs have taken a number of steps to address these problems in the past decade, particularly the last four years. This activity now makes states look like Laboratories of Capitalism. Here are some examples:
17 Statehouses and the private sector have taken a number of steps to reduce market abuses. For example: Number of Bills in Statehouses Mortgage lending abuses Payday lending RALs Source: Matthew Fellowes, The Brookings Institution
18 Statehouses and the private sector have taken a number of steps to reduce risks of doing business. Among other strategies, they have moved to: 1. Subsidize higher risks 2. Pool risks among consumers
19 Statehouses and the private sector have taken a number of steps to reduce risks of doing business. 3. Examine how risk is measured 40 Number of bills in statehouse credit scores credit scores and insurance Source: Matthew Fellowes, The Brookings Institution
20 Statehouses and the private sector have taken a number of steps to boost market transparency Financial education Number of bills in statehouses Source: Matthew Fellowes, The Brookings Institution
21 For these reasons, state economies both the rules in the marketplace and the opportunities for working families are increasingly looking like laboratories of capitalism. New earmarked expenditures, regulations, and market innovations are defining this experimentation in the states
22 Redefining Working Family Policy: State Innovation in the Ownership Society I What s the context for state innovation? How are low-income families fairing in the ownership society? II What are the different types of state innovations that benefit lowincome working families? III What are the promises and perils of this state innovation?
23 What are the promises and perils of this state innovation? Time will tell. In the meantime, it s important to note that: State innovation is predictably uneven Much of the focus is on traditional policies The federal government is trying to usurp state power in many areas
24 It is absolutely essential that efforts to help low-income families get ahead involve more than just new government programs; Leaders must also harness the self-interest of entrepreneurs and area businesses.
25
The Brookings Institution
The Brookings Institution Metropolitan Policy Program Matt Fellowes, Fellow The High Cost of Being Poor: Reducing the Costs of Living for Working Families National Community Tax Coalition Annual Conference,
The Brookings Institution
The Brookings Institution Metropolitan Policy Program Matt Fellowes, Fellow Repairing the Urban, Economic Ladder: How Cities Get the Market to Work for the Poor Mayor Cicilline s Poverty, Work and Opportunity
In Baltimore City today, 20% of households live in poverty, but more than half of the
Building Economic Opportunity in Baltimore: A Data Profile Baltimore Highlights In Baltimore City today, 20% of households live in poverty, but more than half of the city s population 55% is financially
35% 26% 57% 51% PROFILE. CIty of durham: Assets & opportunity ProfILe. key highlights. ABoUt the ProfILe ASSETS & OPPORTUNITY
CIty of durham: Assets & opportunity ProfILe ASSETS & OPPORTUNITY PROFILE key highlights 35% of Durham County households live in asset poverty Cities have long been thought of as places of opportunity
The Economic Power of Uncertainty: The Role of Consumer Credit Bureaus
The Economic Power of Uncertainty: The Role of Consumer Credit Bureaus Federal Reserve Forum on Credit Scores December 14, 2007 Matt Fellowes, Fellow The Economic Power of Uncertainty: The Role of Consumer
The Federal Reserve Bank of Kansas City and Community Development
The Federal Reserve Bank of Kansas City and Community Development ECON 336: The Kansas City Economy University of Missouri Kansas City April 11, 2012 Kelly D. Edmiston Outline The Federal Reserve System
Credit and Going into Debt A. What is credit?
Lesson 4 standards E.6.1 Explain the basic functions of money. E.6.2 Identify the composition of the money supply of the United States. E.6.3 Explain the roles of financial institutions. E.6.6 Explain
Credit Cards. Annual Percentage Rate - What you are paying each month -- unpaid balances calculated as a percentage.
Credit Cards Annual Fee - Amount you pay each year to have a credit card. Annual Percentage Rate - What you are paying each month -- unpaid balances calculated as a percentage. Balance - The total charges
COMMUNITY OUTLOOK SURVEY First Quarter 2012
NEW ENGLAND COMMUNITY OUTLOOK SURVEY First Quarter 2012 FEDERAL RESERVE BANK OF BOSTON Regional & Community Outreach About the Survey The New England Community Outlook Survey asks service providers to
Increasing the EITC Will Boost New Jersey s Workers and Their Families
January 2017 Increasing the EITC Will Boost New Jersey s Workers and Their Families A 35 Percent Earned Income Tax Credit Will Also Make Tax System More Equitable and Help State s Economy By Jon Whiten
Economic and Housing Outlook
Economic and Housing Outlook Volusia Building Industry Association July 18, 218 Robert Dietz, Ph.D. NAHB Chief Economist Housing Market Growing; Single-Family Lags Tax reform changes Macroeconomics post-tax
Economic and Housing Outlook
Economic and Housing Outlook Home Builders Association of Virginia June 22, 2018 Robert Dietz, Ph.D. NAHB Chief Economist Housing Market Growing; Single-Family Lags Tax reform changes Macroeconomics post-tax
The Price is Wrong. Getting the Market Right for Working Families in Philadelphia. The Brookings Institution Metropolitan Policy Program
The Price is Wrong Getting the Market Right for Working Families in Philadelphia The Brookings Institution Metropolitan Policy Program THE PRICE IS WRONG Getting the Market Right for Working Families
10% 21% 37% 24% 71% 10% PROFILE ASSETS & OPPORTUNITY KEY HIGHLIGHTS ABOUT THE PROFILE ASSETS & OPPORTUNITY PROFILE: NEW ORLEANS
ASSETS & OPPORTUNITY PROFILE: NEW ORLEANS ASSETS & OPPORTUNITY PROFILE KEY HIGHLIGHTS of New Orleans working households don t have access to a vehicle Cities have long been thought of as places of opportunity
The 2008 Statistics on Income, Poverty, and Health Insurance Coverage by Gary Burtless THE BROOKINGS INSTITUTION
The 2008 Statistics on Income, Poverty, and Health Insurance Coverage by Gary Burtless THE BROOKINGS INSTITUTION September 10, 2009 Last year was the first year but it will not be the worst year of a recession.
36% 50% 11% 59% 35% PROFILE ASSETS & OPPORTUNITY PROFILE: CHARLOTTE KEY HIGHLIGHTS ABOUT THE PROFILE ASSETS & OPPORTUNITY
ASSETS & OPPORTUNITY PROFILE: CHARLOTTE ASSETS & OPPORTUNITY PROFILE KEY HIGHLIGHTS 36% of Charlotte households live in asset poverty Cities have long been thought of as places of opportunity for low-income
27% 42% 51% 16% 51% 19% PROFILE. Assets & opportunity ProfILe: PortLANd. key highlights. ABoUt the ProfILe ASSETS & OPPORTUNITY
Assets & opportunity ProfILe: PortLANd ASSETS & OPPORTUNITY PROFILE key highlights 27% of Portland households live in asset poverty Cities have long been thought of as places of opportunity for low-income
LendIt USA Conference April 12, 2016 San Francisco, CA
LendIt USA Conference April 12, 2016 San Francisco, CA Prepared Remarks of Jeffrey Langer, Assistant Director for Installment Lending and Collections Markets, Consumer Financial Protection Bureau Marketplace
The 21 st -Century Economic Reality for American Women. Women s s Legislative Network of NCSL Financial Stability Postconference December 13, 2008
The 21 st -Century Economic Reality for American Women Women s s Legislative Network of NCSL Financial Stability Postconference December 13, 2008 Overview of FRS Community Affairs Overview The Community
31% 41% 11% 50% 18% PROFILE ASSETS & OPPORTUNITY PROFILE: SAN FRANCISCO KEY HIGHLIGHTS ABOUT THE PROFILE ASSETS & OPPORTUNITY
ASSETS & OPPORTUNITY PROFILE: SAN FRANCISCO ASSETS & OPPORTUNITY PROFILE KEY HIGHLIGHTS 31% of San Francisco residents live in asset poverty Cities have long been thought of as places of opportunity for
STATE OUTCOME & POLICY REPORT OUTCOME RANK POLICIES ADOPTED
STATE OUTCOME & POLICY REPORT OUTCOME RANK POLICIES ADOPTED 31 12 out of 50 OUTCOME HIGHLIGHTS POLICY HIGHLIGHTS 59.6% of Indiana households kept emergency savings in the past year Has state eliminated
A Look Behind the Numbers: Foreclosures in Allegheny County, PA
Page1 Introduction This is the second report in a series that looks at the geographic distribution of foreclosures in counties located within the Federal Reserve s Fourth District. In this report we focus
STATE OUTCOME & POLICY REPORT OUTCOME RANK POLICIES ADOPTED
STATE OUTCOME & POLICY REPORT OUTCOME RANK POLICIES ADOPTED 20 28 out of 53 OUTCOME HIGHLIGHTS POLICY HIGHLIGHTS 30.8% of Connecticut households live in liquid asset poverty Has state enacted a refundable
Interviews with 1,019 adult Americans, conducted by telephone by Opinion Research Corporation on March 12-15, The margin of sampling error for
Interviews with 1,019 adult Americans, conducted by telephone by Opinion Research Corporation on March 12-15,. The margin of sampling error for results based on the total sample is plus or minus 3 percentage
Making Ends Meet: The Cost to Support a Family in California
Making Ends Meet: The Cost to Support a Family in California SARA KIMBERLIN, SENIOR POLICY ANALYST POLICY INSIGHTS 2018 SACRAMENTO, MARCH 22, 2018 calbudgetcenter.org What Are Families Basic Expenses?
Released: September 7, 2010
Released: September 7, 2010 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 10 Topics for Home Buyers, Sellers, and Owners 13 Brought to you by: KW Research Commentary The housing
Real Estate Market. Lawrence Yun, Ph.D. Presentation to New England REALTORS Conference. February 2, 2010 NATIONAL ASSOCIATION OF REALTORS
Real Estate Market Trends & Outlook Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation to New England REALTORS Conference February 2, 2010 Housing Stimulus Impact Tax Credit
If the Economy s so Bad, Why Is the Unemployment Rate so Low?
If the Economy s so Bad, Why Is the Unemployment Rate so Low? Testimony to the Joint Economic Committee March 7, 2008 Rebecca M. Blank University of Michigan and Brookings Institution Rebecca Blank is
How a State EITC Could Reduce Economic Hardship in California. A PRESENTATION BY CHRIS HOENE CALIFORNIA BUDGET PROJECT FEBRUARY 2015 cbp.
How a State EITC Could Reduce Economic Hardship in California A PRESENTATION BY CHRIS HOENE CALIFORNIA BUDGET PROJECT FEBRUARY 2015 cbp.org California Budget Project The CBP was established in 1995 to
Between Global Rebalancing and Structural Change: American households and the new economic realities. Agenda
Between Global Rebalancing and Structural Change: American households and the new economic realities Federal Reserve BANK of Chicago December 3, 1 Adolfo L. Laurenti Deputy Chief Economist Agenda 1. Introduction:
Assets: The Key to Family Economic Success
Assets: The Key to Family Economic Success Rourke O Brien Policy Analyst, Asset Building Program New America Foundation obrien@newamerica.net 202-986-2700 National Conference of State Legislatures June
A Working Families Credit for Washington State
Policy Brief January 2008 A Working Families Credit for Washington State by Andrea Lee and Remy Trupin Thousands of families in Washington face daily challenges to making ends meet low-wage incomes are
THE FINANCIAL PLANNER S GUIDE TO STUDENT LOAN REFINANCING
THE FINANCIAL PLANNER S GUIDE TO STUDENT LOAN REFINANCING ADVISING CLIENTS WITH STUDENT LOANS Financial planners today have more clients dealing with student loans than ever before. Outstanding student
Credit Research Center Seminar
Credit Research Center Seminar Ensuring Fair Lending: What Do We Know about Pricing in Mortgage Markets and What Will the New HMDA Data Fields Tell US? www.msb.edu/prog/crc March 14, 2005 Introduction
39% 22% 56% 49% 35% 60% PROFILE. Assets & opportunity ProfILe: winston-salem ANd forsyth CoUNtY. KeY HIgHLIgHts. AboUt the ProfILe
Assets & opportunity ProfILe: winston-salem ANd forsyth CoUNtY ASSETS & OPPORTUNITY PROFILE KeY HIgHLIgHts 39% of Winston-Salem households live in asset poverty Cities have long been thought of as places
Annual Report on the MLSOK Housing Market RESIDENTIAL REAL ESTATE ACTIVITY IN THE MLSOK MARKETPLACE
Annual Report on the MLSOK Housing Market RESIDENTIAL REAL ESTATE ACTIVITY IN THE MLSOK MARKETPLACE RESIDENTIAL REAL ESTATE ACTIVITY IN THE MLSOK MARKETPLACE There is an ongoing and undeniable national
ECONOMIC EDUCATION FOR CONSUMERS Chapter 10
WHAT S AHEAD 10.1 What Is Credit? 10.2 How to Qualify for Credit 10.3 Sources of Consumer Credit 10.4 Credit Rights and Responsibilities 10.5 Maintain a Good Credit Rating LESSON 10.1 What Is Credit? GOALS
Income inequality and mobility in Australia over the last decade
Income inequality and mobility in Australia over the last decade Roger Wilkins Meeting of National Economic Research Organisations, OECD Headquarters, 18 June 2012 1993-94 1994-95 1995-96 1996-97 1997-98
Portfolio Management Package Insights A quarterly briefing with best practices and thought leadership concepts from your Portfolio Management Package
Portfolio Management Package Insights A quarterly briefing with best practices and thought leadership concepts from your Portfolio Management Package (PMP) team Contents 1. New Special Handling Code (First
AP/DAVID GOLDMAN. Lending for Success. By Joe Valenti, Sarah Edelman, and Julia Gordon July
AP/DAVID GOLDMAN Lending for Success By Joe Valenti, Sarah Edelman, and Julia Gordon July 2015 WWW.AMERICANPROGRESS.ORG Introduction and summary For generations in the United States, the availability of
The NEW Triad. Max P. Michaels
The NEW Triad Max P. Michaels With $2.3 trillion in foreign trade and $12 trillion in cross-border investments, globalization is progressing just the way the architects of modern America envisaged it.
This Month in Real Estate
Keller Williams Research This Month in Real Estate Released: December 4, 2009 Commentary. 2 The Numbers That Drive Real Estate 3 Recent Government Action. 9 Topics for Buyers and Sellers. 15 1 Steps to
by Jeanie Donovan labudget.org
IT'S TIME TO RAISE THE WAGE IN LOUISIANA by Jeanie Donovan MARCH 2018 labudget.org I N T R O D U C T I O N Louisiana workers are long overdue for a pay raise. Although the state s unemployment rate is
U.S. Economic Update and Outlook. Laurel Graefe, REIN Director Federal Reserve Bank of Atlanta October 2, 2013
1 U.S. Economic Update and Outlook Laurel Graefe, REIN Director Federal Reserve Bank of Atlanta October 2, 213 Following the deepest recession since the 193s, the economic recovery is well under way, though
ECONOMIC CURRENTS. Vol. 2, Issue 1 THE SOUTH FLORIDA ECONOMIC QUARTERLY. Introduction. In this Issue:
ECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 2, Issue 1 Introduction Economic Currents provides an overview of the South Florida regional economy. The report combines current employment,
After the Rate Increase, What Then?
After the Rate Increase, What Then? Robert Eisenbeis, Ph.D. Vice Chairman & Chief Monetary Economist Bob.Eisenbeis@Cumber.com What the FOMC Did At Dec Meeting The Fed made the first step towards normalization
Glossary. Alternatives The different possibilities to choose from in a given situation.
Glossary Alternatives The different possibilities to choose from in a given situation. Annual percentage rate (APR) The percentage cost of credit on an annual basis and the total cost of credit to the
U.S. House of Representatives COMMITTEE ON WAYS AND MEANS
U.S. House of Representatives COMMITTEE ON WAYS AND MEANS The TAX CUTS & JOBS ACT CHARGE & RESPONSE Americans have been waiting for years for Washington to fix this broken tax code because they know it
Banking the Poor Financial Services, Asset-building & Economic Development: New Public Policy Perspectives for Puerto Rico
Banking the Poor Financial Services, Asset-building & Economic Development: New Public Policy Perspectives for Puerto Rico October 8, 2004 Michael S. Barr University of Michigan Law School Msbarr@umich.edu
WESTERN NEW YORK LAW CENTER
WESTERN NEW YORK LAW CENTER Discriminatory Auto Insurance Practices in Western New York An examination of the impact non-driving and socioeconomic factors have on Western New York Drivers Auto Insurance
Revised October 17, 2016
Revised October 17, 2016 60 ISM Manufacturing Purchasing Managers Index (September 2015 September 2016) 58 56 54 52 50 48 46 44 42 Sept-15 Oct Nov Dec Jan-16 Feb Mar Apr May Jun Jul Aug Sept Purchasing
Opportunity 1: Lack of Access. Solutions. o Opportunity 2: Too Much Access
Personal Finance: U t Untapped dw Wealth-Building lth B ildi O Opportunities t iti National Conference of State Legislatures July 22, 22 2009 Matt Fellowes, Director Pew Safe Banking Opportunities Project
Asset Policy 101: Building Wealth for All Californians
Asset Policy 101: Building Wealth for All Californians California Asset Policy Working Lunch Series Hosted by the Asset Policy Initiative of California & the New America Foundation California State Capitol
ARRA and Michigan s Schools. Tricks or Treats Ahead?
ARRA and Michigan s Schools Presentation to Michigan League of Human Services Public Policy Forum October 29, 2009 Kacie Kefgen Middle Cities Education Association Tricks or Treats Ahead? Basics of K-12
FIRST QUARTER EARNINGS PRESENTATION JUNE 2, 2014
FIRST QUARTER EARNINGS PRESENTATION JUNE 2, 2014 Safe Harbor Agreement This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that
Lafayette. September: Economic Performance Index. Third Quarter Highlight. For 20 consecutive months, the EPI has been lower than the
Lafayette Economic Performance Index Third Quarter 2016 September: 99.97 The Lafayette Economic Performance Index (EPI) tracks the pulse of the local economy. Like any index, it combines multiple data
ASSET BUILDING, THE HISTORY OF AFI, AND HOW AFI AND ASSET BUILDING FIT INTO THE BROADER FIELD OF PROGRAMS AND POLICIES THAT ADDRESS POVERTY
ASSET BUILDING, THE HISTORY OF AFI, AND HOW AFI AND ASSET BUILDING FIT INTO THE BROADER FIELD OF PROGRAMS AND POLICIES THAT ADDRESS POVERTY Ida Rademacher Chief Program Officer CFED April 1, 2014 HHS Office
Building Financial Stability Policies to Help Lower Income Households Access Reasonably Priced Financial Services
Building Financial Stability: Policies to Help Families Access Reasonably Priced Financial Services Melissa Koide Deputy Director, Asset Building Program New America Foundation Building Financial Stability
Florida: An Economic Overview
Florida: An Economic Overview June 19, 2013 Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us Key Economic Variables Improving Global
Rural America Benefits From Expanded Use of the Federal Tax Code for Income Support
Rural America Benefits From Expanded Use of the Federal Tax Code for Income Support Tracey Farrigan, tfarrigan@ers.usda.gov Ron Durst, rdurst@ers.usda.gov 38 Over the past two decades, the Federal tax
New Hampshire Medicaid Program Enrollment Forecast SFY Update
New Hampshire Medicaid Program Enrollment Forecast SFY 2011-2013 Update University of New Hampshire Whittemore School of Business and Economics Ross Gittell, James R Carter Professor Matt Magnusson, M.B.A.
STATE OF NEW JERSEY. SENATE RESOLUTION No th LEGISLATURE. Sponsored by: Senator SHIRLEY K. TURNER District 15 (Hunterdon and Mercer)
SENATE RESOLUTION No. STATE OF NEW JERSEY th LEGISLATURE INTRODUCED FEBRUARY, 0 Sponsored by: Senator SHIRLEY K. TURNER District (Hunterdon and Mercer) SYNOPSIS Urges federal government to revise official
NORTH SYRACUSE CENTRAL SCHOOL DISTRICT. Fund Balance & Budget Assumptions December 4, 2017
NORTH SYRACUSE CENTRAL SCHOOL DISTRICT Fund Balance & Budget Assumptions 2018-2019 December 4, 2017 1 AGENDA Fund Balance Reserves Economic Factors Revenue Assumptions Expenditure Assumptions Budget Timeline
Released: January 8, 2010
Released: January 8, 2010 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 9 Topics for Buyers and Sellers 15 Brought to you by: KW Research Commentary December closed out the
THE RENTAL EXCHANGE INTRODUCTION. Helping social tenants build a positive credit history to gain equal access to financial services
By Social Entrepreneurs For Social Entrepreneurs THE RENTAL EXCHANGE Helping social tenants build a positive credit history to gain equal access to financial services INTRODUCTION THE BIG ISSUE GROUP The
Data current as of: August 5, ,200,000 1,000, , , , , , , , , , , ,000
Forecast Version: Spring 216 Economic Indicators The Bureau of Labor Statistics reported a total nonfarm payroll employment increase of 287, in June with the unemployment rate rising.2% to 4.9%. The jobs
Economic Outlook June Economic Policy Division
Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198
The State of Consumer Finance: Why the Time is Now for Marketplace Lending AL GOLDSTEIN, CEO AVANT
The State of Consumer Finance: Why the Time is Now for Marketplace Lending AL GOLDSTEIN, CEO AVANT The lending industry is overdue for disruption Potential for Disruption Low High Mortgage SMB Loans International
Your Money, Your Goals Spotlight Series. Dealing with debt: A closer look
Your Money, Your Goals Spotlight Series Dealing with debt: A closer look DISCLAIMER This presentation is being made by a Consumer Financial Protection Bureau representative on behalf of the Bureau. It
DEFINITION OF COMMON TERMS
DEFINITION OF COMMON TERMS Actual Cash Value: An amount equal to the replacement value of damaged property minus depreciation. Adjustable-Rate Mortgage (ARM): Also known as a variable-rate loan, an ARM
SmallBizU WORKSHEET 1: REQUIRED START-UP FUNDS. Online elearning Classroom. Item Required Amount ($) Fixed Assets. 1 -Buildings $ 2 -Land $
WORKSHEET 1: REQUIRED START-UP FUNDS Item Required Amount () Fixed Assets 1 -Buildings 2 -Land 3 -Initial Inventory 4 -Equipment 5 -Furniture and Fixtures 6 -Vehicles 7 Total Fixed Assets Working Capital
Sinology KEY QUESTIONS FOR CHINA INVESTORS IN 2015 PART II. by Andy Rothman. Why Do I Keep Saying China Won t Ease this Year?
Sinology by Andy Rothman February 19, 2015 a In the second of a threepart series, Sinology answers some of the key questions investors should be asking about China in 2015. a We are witnessing the odd
Households: Net Worth Advances, Debt Outstanding Declines. Chart 1
Asha G. Bangalore agb3@ntrs.com Households: Net Worth Advances, Debt Outstanding Declines June 9, 2 Households experienced another quarter of gains in their net worth without improvements in real estate
Economic Outlook June Economic Policy Division
Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198
A Nation of Renters? Promoting Homeownership Post-Crisis. Roberto G. Quercia Kevin A. Park
A Nation of Renters? Promoting Homeownership Post-Crisis Roberto G. Quercia Kevin A. Park 2 Outline of Presentation Why homeownership? The scale of the foreclosure crisis today (20112Q) Mississippi and
Chapter 4 Debt. Section Credit misdirection
Chapter 4 Debt Section 2 2.1 Credit misdirection Credit Misdirection Lending money to friends or family members is a bad idea. It will strain relationships and in some cases ruin friendships. If you have
Nota A Strength-Based Approach To Reduce Poverty Recreate the conditions under which generation after generation of Americans moved to independence
Nota A Strength-Based Approach To Reduce Poverty Recreate the conditions under which generation after generation of Americans moved to independence Maurice Lim Miller, Founder & President maurice@fiinet.org,
Discussion of Why Has Consumption Remained Moderate after the Great Recession?
Discussion of Why Has Consumption Remained Moderate after the Great Recession? Federal Reserve Bank of Boston 60 th Economic Conference Karen Dynan Assistant Secretary for Economic Policy U.S. Treasury
TRENDS IN DELINQUENCIES AND FORECLOSURES IN IDAHO
TRENDS IN DELINQUENCIES AND FORECLOSURES IN IDAHO February 2009 Craig Nolte, Community Development Department, Federal Reserve Bank of San Francisco Outline of Presentation National Trends Rising foreclosures
UGANDA: Uganda: SOCIAL POLICY OUTLOOK 1
UGANDA: SOCIAL POLICY OUTLOOK Uganda: SOCIAL POLICY OUTLOOK 1 This Social Policy Outlook summarises findings published in two 2018 UNICEF publications: Uganda: Fiscal Space Analysis and Uganda: Political
Review of Northern Virginia Market Conditions and Trends
Review of Northern Virginia Market Conditions and Trends Prepared for Northern Virginia Area Association of Realtors November 12, 2011 Virginia Housing Development Authority Northern Virginia s existing
Status of Working Families in Indiana, 2015 Report
Status of Working Families in Indiana, 2015 Report Derek Thomas Senior Policy Analyst, IIWF The Indiana Institute for Working Families conducts research and promotes public policies to help Hoosier families
THE 2018 MANITOBA PROSPERITY REPORT. Are We There Yet? MANITOBA EMPLOYERS COUNCIL
THE 2018 MANITOBA PROSPERITY REPORT Are We There Yet? MANITOBA EMPLOYERS COUNCIL Established in 1980, the Manitoba Employers Council (MEC) is the largest confederation of employer associations in Manitoba,
The next recession will not be. The Great Recession. Damon Runberg, Economist Oregon Employment Department
The next recession will not be The Great Recession Damon Runberg, Economist Oregon Employment Department Why the fears? Simplified Business Cycle Peak 2 consecutive quarters of GDP declines Wages Rise
BALANCED MONEY WORKBOOK
BALANCED MONEY WORKBOOK 2 Why live in balance? Welcome to the balanced money approach to budgeting! Balance is a concept we hear a lot about eat a balanced diet, keep balance between work and the rest
United Way Financial Stability Partnership
United Way Financial Stability Partnership what matters. Financial Stability: A New National Initiative for United Way The United Way movement seeks to identify and address root causes as an effective
Today s Rates Looking for the best mortgage loan rate
Today s Rates Looking for the best mortgage loan rate by Natalie Danielson www.clockhours.com A Washington State Approved Real Estate School under R.C.W. 18.85. Sponsor S 1353 Today's Rates Looking for
The Equifax Economic and Credit Markets Outlook
The Equifax Economic and Credit Markets Outlook A CUNA Roundtable Amy Crews Cutts SVP- Chief Economist, Equifax May 15, 2014 Comments on the Economic Outlook General forecast is that economic growth accelerates
The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment
Economic Recovery: Wherefore Art Thou? Jon Haveman Chief Economist, BAC Economic Institute October, 211 The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment 6 GDP Growth (SAAR) and
Making Investments Today for a Competitive Economy Tomorrow
Making Investments Today for a Competitive Economy Tomorrow Quarterly U.S. Productivity and Innovation Snapshot Adam S. Hersh and Christian Weller May 2012 Productivity growth the rate at which we increase
The Facts on Credit. Those who are wise never pay interest they earn it!
The Facts on Credit Those who are wise never pay interest they earn it! What is Credit? Another word for credit is loan 3 Main types of credit: Sales Credit you receive when you make a purchase and promise
UWF Budget Town Hall Meeting April 27, Dr. Judy Bense President
UWF Budget Town Hall Meeting April 27, 2010 Dr. Judy Bense President Topics Overview of National Financial Situation Overview of State Financial Situation Overview of Legislative Budget The New Normal
THE CFPB WHAT IT DOES, AND WHY YOU SHOULD CARE
THE CFPB WHAT IT DOES, AND WHY YOU SHOULD CARE Center for Responsible Lending CRL is a nonprofit, non-partisan organization that works to protect homeownership and family wealth by fighting predatory lending
Twelve common questions. About consumer credit and direct marketing
Twelve common questions About consumer credit and direct marketing Twelve common questions Most of us don t think about credit until a specific event sparks our interest. Maybe we want to buy a car or
Released: February 5, 2010
Released: February 5, 2010 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 9 Topics for Buyers and Sellers 15 Brought to you by: KW Research Commentary January began the new
Financial Regulation and the Economic Security of Low-Income Households
Financial Regulation and the Economic Security of Low-Income Households Karen Dynan Brookings Institution October 14, 2010 Note. This presentation was prepared for the Institute for Research on Poverty
THE ECONOMIC OUTLOOK RECESSION AND RECOVERY. Paul Darby Executive Director & Deuty Chief Economist Twitter hashtag: #psforum
THE ECONOMIC OUTLOOK RECESSION AND RECOVERY Paul Darby Executive Director & Deuty Chief Economist Darby@conferenceboard.ca US OUTLOOK US recession is coming to an end Q3 likely to be positive due to inventory
cepr Analysis of the Upcoming Release of 2003 Data on Income, Poverty, and Health Insurance Data Brief Paper Heather Boushey 1 August 2004
cepr Center for Economic and Policy Research Data Brief Paper Analysis of the Upcoming Release of 2003 Data on Income, Poverty, and Health Insurance Heather Boushey 1 August 2004 CENTER FOR ECONOMIC AND
Future of the Agricultural Sector: Purdue Extension and Financial Markets
Future of the Agricultural Sector: Purdue Extension and Financial Markets Jason Henderson, Ph.D. Director of Purdue Extension July 7, 2015 Community Forums: Spring 2015 Nearly 800 attendees 21 Community
STATE OF CALIFORNIA DEPARTMENT OF INSURANCE 300 Capitol Mall, 17 th Floor Sacramento, CA INITIAL STATEMENT OF REASONS
STATE OF CALIFORNIA DEPARTMENT OF INSURANCE 300 Capitol Mall, 17 th Floor Sacramento, CA 95814 INITIAL STATEMENT OF REASONS Anti-Steering in Auto Body Repairs Date: March 04, 2016 CDI Regulation File: