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Financial Stability 

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Economic skills, financial literacy, the ability to grow assets—all of these are important to the well-being of individuals and their families. They help people avoid unmanageable debt, create plans to reduce existing debt and learn how to use credit responsibly.

 

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LEARN
tactics for giving to improve financial stability
  • Support nonprofit organizations offering financial counseling and debt reduction programs to youth and low-income adults
  • Support organizations offering matched savings accounts for low-income families
  • Support organizations that help low-income individuals move toward first-time home ownership
  • Fund public education campaigns that raise awareness of predatory lending, credit unions and financial options
The Seattle Foundation evaluated organization
In 2007, nearly half of all income in King County went to the top 20% of households while less than one-twentieth went to the bottom 20%.
Success Story
Promoting Self-sufficiency to Make a Permanent, Positive Change
Hopelink serves homeless and low-income families, children, seniors and people with disabilities. With a wide range of services focused on promoting self-sufficiency, Hopelink can help with rent, emergency financial assistance, access to benefits, tax preparation and more. These services are aimed at helping individuals regain financial stability and make a permanent, positive change in their lives.
Stay Informed:

Washington Asset Building Coalition
Washington Asset Building Coalition (WABC) came together in October, 2006 to expand asset building across the state.
The Economic Contribution of Seattle Community Colleges
A recent economic impact study shows that the Seattle Community Colleges play a major role in the region's economy, creating a total impact in King County of $1.1 billion a year.
Lessons from SEED, a National Demonstration of Child Development Accounts
A nationwide system of Child Development Accounts (CDAs) established as early as birth can lead to lifelong savings, raise college expectations and affordability, and serve as a basis for more stable and productive financial lives for American families, according to this report.
The Financial Security of Households with Children
Corporation for Enterprise Development analyzes data on the net worth and asset poverty of households with children and finds that many families are on financially shaky ground.
Building Security in America's Cities
Research released by the Corporation for Enterprise Development (CFED) highlights local governments as new and powerful players in creating opportunities for financial stability for individuals and families.
Want to know more about this issue or how to make an impact?
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