PolicyLink has created ACCESS to Financial Security for All, a virtual platform for advocates of asset-building and economic equity to share information, learn about promising policies and connect with others. Although the economy is showing signs of improvement, millions of Americans are still struggling financially. According to the Corporation for Enterprise Development (CFED), nearly half (43.9%) of American households are “liquid asset poor,” meaning they do not have enough money saved to last for three months in case of an emergency such as a lost job or medical crisis.
The new website is supported by the Building Economic Security Over a Lifetime (BESOL) initiative at the Ford Foundation, which supports organizations and research centers in efforts to expand opportunities for low-income communities to save and invest in long-term assets.
ACCESS to Financial Security for All is designed to recognize policies that address wealth inequality and connect these policies to community and economic development strategies that can be implemented on a local, regional and national level to create financial stability for families.
For more resources on asset-building, check out this blog post.