The Inclusive Economy
Assets & Opportunity Profile: New Orleans
By Sean Luechtefeld on 08/21/2012 @ 09:00 AM
Last week, members of CFED’s Research Team traveled to the Crescent City for the release of the Assets & Opportunity Profile for New Orleans. Commissioned by the Greater New Orleans Foundation, the Profile chronicles asset poverty in the Big Easy, showing that 37% of the city’s households lack the means to cover their expenses for three months should a job loss or other emergency leave them without income.
While the data paints a somewhat bleak picture for residents of Louisiana’s largest metropolitan area, it also points to some of the opportunities local lawmakers have in their efforts to promote financial security. The Profile outlines 19 strategies that should be undertaken to improve access to financial education, increase access to tax credits, connect residents with safe financial products, create savings opportunities and protect consumers in the financial marketplace.
The Profile is one of fifteen that CFED has developed, assessing the financial well-being of residents in cities from Seattle to Miami and everywhere in between. To read these data or to find out how CFED can create an Assets & Opportunity Profile for your community, visit CFED’s Local Policy Advocacy Center.
Click here to download the New Orleans Assets & Opportunity Profile.