NHSA’s 2014 Convening of the National Collaboration for Families in February focused on increasing financial stability for low-income families. The convening was attended by 24 national organizations who care deeply about creating upward social mobility for low-wage workers. Presentations highlighted effective employer-based services and strategies to help address the financial needs of a growing low-wage, front-line workforce.
Bridget McCabe of the National Human Services Assembly presented on “Bridging the Gap,” a three-year demonstration project, funded by the Ford Foundation, that enabled employers to screen and enroll their employees in work supports, public benefits and other in-kind assistance. Results from the project are summarized in the report, “Increasing Financial Stability for Front-line Nonprofit Workers.”
Kammie Siemens of Goodwill Industries International, Inc., presented an overview of her organization’s approach to promoting financial wellness among their own employees and the population they serve. Goodwill created a Family Financial Stability Action Kit, which ranks programs and initiatives according to time and resource commitment allowing local agencies to choose from a variety of programs and initiatives to meet the financial needs of their employees and community.
And Jane Stenson of Catholic Charities USA and Patty Avery of the Consumer Finance Protection Bureau (CFPB) discussed how Catholic Charities have been using CFPB’s new Your Money, Your Goals (YMYG) toolkit, a financial empowerment toolkit for social services programs. Catholic Charities is using YMYG to better educate case managers to provide higher quality, better integrated financial literacy services to low-income consumers.
More information on these presentations, and even more resources you can use to increase the financial strength of low-income families can be found in NHSA’s summary report here.