Financial Security Network Newsletter: December 2023
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Examining the Employee Benefits Offered by Entrepreneurs of Color
In a brand-new report, Prosperity Now’s Director of Applied Research Annette Jacoby showcases some of the latest data in the entrepreneurial space. Based on the findings, Black and Hispanic business owners exhibited more favorable and employee-focused benefits than their White counterparts in the same space. This data provides a sneak peek at what types of gaps exist as we strive to create an economy that has good jobs that center the benefits and overall well-being of employees. One of the future points of examination would be comprehensiveness and efficacy of these benefits for these business owners.
Resources and Publications
Improving Workforce Outcomes Through Financial Coaching | LISC Chicago
Using their Financial Opportunity Center (FOC) model, LISC Chicago and their local partners were able to implement groundbreaking financial coaching training, programming, and strategy into the community. Click on the link above to find out more about their findings and how you can implement these FOC models directly into your community.
Invest in minority-owned businesses to unlock million jobs and trillions of dollars to our economy | Prosperity Now
This blog shares some of the key findings in a landscape analysis measuring the business impact of minority-owned businesses. It also covers a series of solutions that can be implemented to unlock the ultimate potential of these business owners and other future entrepreneurs.
States’ Recent Tax-Cut Spree Creates Big Risks for Families and Communities | Center for Budget and Policy Priorities
In the newest research conducted by our partners at the Center for Budget and Policy Priorities, current, historically large tax cuts could drastically shift the landscape of state funding and the programs that could potentially shift the landscape for low and moderate families in those communities.
Demystifying the New SBA Rules: What This Means for Entrepreneurs of Color | Prosperity Now
During this LinkedIn Live event, Prosperity Now hosted three experts to tackle some of the latest changes to the Small Business Administration (SBA) rules and how entrepreneurs of color can prepare themselves for these new shifts.
Medical Debt Was Erased from Credit Records for Most Consumers, Potentially Improving Many Americans' Lives | Urban Institute
This piece shares some of the latest changes to the credit and debt reporting for medical expenses on credit scoring models.
If You’re Serious About Funding Real Change, You Need to Change the Way You Fund (Yes, Again) | Inside Philanthropy
In this piece by Prosperity Now President emerita Andrea Levere, the case is made to shift the way nonprofit funding is constructed and how new funding patterns can drive real change forward.
Unlocking a More Inclusive Financial System: We Must Solve For These 5 Key Issues | Aspen Institute
Utilizing a research study of more than 65 participants, the team at Aspen’s identified five unique challenges to the creation of a more equitable economy.
Understanding Latino wealth to address disparities and design better policies| Brookings
In the lead-up to the 2024 presidential election, Latino voting behavior will be widely discussed, as Latino voting patterns are remarkably nuanced and vary by region, age, gender, and national origin, among other factors. Candidates, campaign consultants, journalists, and policymakers should expect economic issues to be a top concern for Latinos, as in previous election cycles. In light of this, it is worth examining Latinos’ current economic condition in the United States.
Upcoming Events & Opportunities
The importance of financial data collection and standardization | Brookings
December 14, 2023 | 9 AM ET – 1 PM ET
Join this event either in person or virtually to find out more about the financial data security measures and collection practices that can better protect families in the digital era.
Save the Date: Prosperity Summit | September 4 – 6, 2024 | Washington, DC
You definitely do not want to miss this incredible event! The Prosperity Summit brings together multiple organizations and stakeholders for a three-day extravaganza of sessions, workshops, networking events and more!
