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Savings and Financial Security

Building Economic Security in America's Cities: New Municipal Strategies for Asset Building and Financial Empowerment

Helping individuals and families achieve economic security has never been more critical than it is today. Local governments have long supported their residents with programs focusing on job creation and job training strategies, along with subsidies for housing and other basic goods. However, a new vanguard of municipal leaders is exploring innovative asset-building and financial empowerment strategies that complement those traditional income-support approaches, rather than trying to supplant them.

Building Economic Security in America's Cities Cover

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Local leaders are pioneering new ways to leverage the resources and regulatory power of municipalities to work across departmental silos and public/private sector divides to scale up economic inclusion and asset-building opportunities for low- and moderate-income families. Municipal governments are uniquely poised to implement innovative and effective programs, create powerful partnerships and deliver forward-thinking services to the communities they serve every day.

CFED worked closely with members of the Cities for Financial Empowerment Coalition to understand these emerging efforts, and the resulting report, Building Economic Security in America’s Cities: New Municipal Strategies for Asset Building and Financial Empowerment, highlights the work cities across the country are doing to educate, empower and protect residents in the financial marketplace. This report represents a comprehensive effort to document the range of municipal policies and programs that are being used to enhance the financial security of low-income families during a time of deep recession.

This research was made possible through the generous support of Living Cities, the Surdna Foundation and the Annie E. Casey Foundation.

Download the Full Report.
Download the Executive Summary.

Download a brief on the 12 Key Roles of Local Government.
Download a brief on City Strategies for Asset Building and Financial Empowerment.

Read the full press release.

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