Greetings—
The financial well-being of a community depends on residents’ ability to manage their daily finances, weather economic shocks, and pursue opportunities for upward mobility. With access to financial data at the local level, financial well-being advocates can make informed decisions to strengthen their residents’ financial health and address stark racial disparities.
A
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new dashboard developed by Urban Institute experts illustrates financial well-being across the country at the local level by race and ethnicity—looking beyond income to include credit, debt, savings, assets, and wealth.
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Using Washington, DC as a case study, the dashboard
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highlights proven strategies that can inform DC leaders’ efforts to strengthen their residents’ financial health, including:
- Ensuring family-sustaining wages and helping residents avoid and manage debt to stabilize daily finances;
- Protecting against eviction and helping residents build credit safely to weather economic shocks;
- Supporting programs that help residents build wealth and assets, leveraging workforce investments to improve job quality, and resolving heirs’ property issues to pursue opportunities for upward mobility. I hope you find
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this information useful to your work. Please email me at
[email protected] if you would like to connect with the research team.
Sincerely,
Amy Elsbree
Senior Director of External Affairs
202-261-5513
mailto:
[email protected]
[email protected]
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@aelsbree
U R B A N I N S T I T U T E
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www.urban.org
Urban Institute is a nonprofit research organization that believes in the power of evidence to improve people’s lives. Urban as an organization does not take policy positions but Urban’s independent experts are empowered to make recommendations based on their research.
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