CFED’s Resource Directory is not only home to all of CFED’s publications, but also an extensive library of the latest tools, research and resources on asset building and expanding economic opportunity developed by the field. You can view the resources several different ways; publications published by CFED, resources sorted by topics/issue areas or perform a customized search of the complete library. The Directory is a work in progress so visit regularly for updates and new resources. If you would like to submit a resource to this directory, please email firstname.lastname@example.org.
This study examined the key financial product, service and capability needs of low- and moderate-income microbusiness owners and shed light on the extent to which they are being met by current market offerings. The study is based on a set of surveys that document business owners’ greatest financial challenges, the types of financial products and services they use and the aspects of financial management with which they struggle.
With support from the U.S. Department of the Treasury, CFED, the Center for Financial Security at the University of Wisconsin-Madison and Opportunity Texas partnered on the Assessing Financial Capability Outcomes (AFCO) project to test the impact of approximately five hours of classroom-based financial education and access to a bank or credit union branch in school, both alone and in combination, on elementary-aged students’ financial knowledge, behavior and attitudes.
With support from Treasury, the Corporation for Enterprise Development (CFED), the Center for Financial Security at the University of Wisconsin-Madison (CFS) and the New York City Department of Consumer Affairs Office of Financial Empowerment (OFE) developed a pilot program that paired access to a basic checking account with an average of one to two hours of financial counseling for a population of adults who were transitioning off of public benefits in New York City. All 1,034 study participants were offered safe, affordable bank accounts with direct deposit, and half were also offered free one-on-one financial counseling with trained providers through the City’s Financial Empowerment Centers.
Five years into the economic recovery, most American families no longer live in fear of losing their jobs or their homes. Yet, these families continue to exist in a state of persistent financial insecurity, making it difficult to look beyond immediate needs and plan for a more secure future. While indicators like unemployment, foreclosure and credit card debt show a slow but steady decline, the percentage of people who do not have a personal financial safety net hasn’t budged. Nearly half (44%) of households in the United States are “liquid asset poor,” meaning they have less than three months’ worth of savings—conservatively measured as $5,887 for a family of four, or three times monthly income at the poverty level.