YES! Media’s Post

Racial Equity in the Bay Area: How closing racial gaps can result in broad economic gain for the region. “The goal of this research is to broaden the Bay Area dialogue on racial equity, frame it as a regional opportunity, and identify action steps toward advancing racial equity in the region." Key public sector policy considerations include: 1. Employer Pay Transparency and Pay Audits 2. Improved Access to Mortgages 3. Encouraging Wealth-Building Activities Key private sector considerations include: 1. Connect to Diverse Talent Pipelines and Support Equity in Education 2. Formalize Equity Benchmarking across the Private Sector 3. Equity-Focused Community Investment Fund Report by Bay Area Council Economic Institute https://lnkd.in/gennqEDg

Excellent report out from Connecticut Voices for Children by Patrick O'Brien on the state's new baby bonds program. What I like so much about the report is its artful laying out of the facts of inequality in the state (with a focus on assets and racial wealth gap), which make it plain how important a policy like baby bonds can be. Anyone who is interested in baby bonds, assets-driven policy, or wants a model for how to analyze and accessibly communicate about state-level policy and inequalities should check out this report. https://lnkd.in/emb7mEAy

Saturday blessings, Colleagues-Ideas matter-Asking for your support-The idea of Baby Bonds is straightforward yet revolutionary: provide every child born into low-income families with a state-funded savings account that accumulates over time. Once they reach adulthood, they can access this fund to make investments that contribute to wealth-building, such as starting a business, buying a home, or pursuing higher education. The goal is to create a financial foundation that breaks the cycle of generational poverty, giving each new generation a fairer chance at economic mobility. https://lnkd.in/ehVkrH54

"As you prepare your LOI, ask yourself: what strategy might reduce unequal outcomes among youth ages 5-25 in the United States? Simply, put, what can be changed to make things better?" Read more ahead of the May 1 deadline for our grants on reducing inequality:

Empowering women and our most vulnerable communities: Join the conversation on financial well-being for ALL Canadians on my Substack! #FinancialLiteracy #WomensEmpowerment #Canada

FROM POVERTY TO WEALTH. Today’s LA Times shares the transformative impact of guaranteed basic income to lift families out of poverty. But what’s next? For most folks, to move from poverty to wealth will require home ownership. That’s our focus. ORO Impact partners with companies to make it easy for them to make loans to their employees for the employees to make a down payment on a home, buy down the interest rate or pay closing costs. Check us out - www.oroimpact.com #homeownership #retention #povertytowealth #employeebenefits #benefitstrends

The current asset eligibility threshold means that women may have to give up savings, their car or home to be eligible for social assistance. Giving up assets impacts financial security, and for some women, especially women in rural communities, a vehicle can be essential for accessing employment or services. A lack of access to an adequate income while staying in a shelter prevents savings, contributes to debt and limits women’s options. The inadequacy of social assistance rates plays a huge factor in women's decision to remain in or return to a violent relationship. . . #socialservices #eligibility #assistance #women #poverty #financialsecurity #genderviolence #escapingviolence #escapingpoverty #intimatepartnerviolence #margarets

This will be big if it gets all the way through. The Center on Budget and Policy Priorities estimates the child tax credit expansion would benefit about 316,000 children in Louisiana from low-income households in the first year. https://lnkd.in/gJCwezXz Louisiana Budget Project United Way of Southeast Louisiana

Framing Inequality - Escalating wealth inequality is causing social and environmental harm. Although it is high and rising, public concern isn't keeping pace. Changing how wealth inequality is talked about could help to raise public concern and build political pressure to act. More can be found at https://lnkd.in/eiUii5SV

About 2.12 million Hispanic families live below the poverty line in the US, primarily due to their concentration in low-paying sectors. Captializing on US Hispanics’ potential plays a crucial role in shaping the financial landscape and addressing workforce gaps. Discover how Aprende is unlocking opportunities and driving impactful change through tailored education healthcare solutions. #WorkforceDevelopment #FinancialEmpowerment #AprendeSolutions