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Household Financial Security Framework

Household Financial Security Framework

In order to help families move up the economic ladder, we need a clear understanding of the many factors that contribute to either building up or eroding the financial security of households, and how these factors are related to each other.

Click here to view the Household Financial Security Framework graphic

In addition to describing the connections between learning, earning, saving, investing and protecting, the Framework highlights the critical importance of delivering essential services to households and how those services, such as public benefits, child care, affordable housing or matched savings, contribute to the overall financial well-being of the household. Also crucial are the larger systems and infrastructures, both policy- and market-based, necessary to facilitate entering and staying in the economic mainstream.

The Framework’s focus on the household provides a universal lens that we can all look through. From there it is possible for any organization – government, nonprofit, philanthropic or private sector – to identify the specific ways their work contributes to the financial betterment of families. The framing fosters cross-sector communication and also helps people understand why and how their work is connected from the vantage point of the household, as well as how they may be able to build additional financial security supports into existing programs serving low- and moderate-income families.

Click here to learn more about the Framework's components: Learn, Earn, Save, Invest and Protect.

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