Financial Stability

Goal

Transition 8,500 households to economic stability by 2025.

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Focus

  • Stable and affordable housing
  • Programs that help low-income and working families earn more income
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Issue

Employment is up since the recession but mostly in the low-salary sector. The result is a large population of ALICE (Asset Limited, Income Constrained, Employed)—people who work but don’t earn enough to afford basic necessities or manage a major crisis. Local unemployment for African-Americans and multi-racial residents is disturbingly high: 15.65%, compared to 6.75% for whites.

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Action

United Way partnerships and programs help working individuals earn credentials (skill building, advanced education, etc.) and compete for jobs and wage growth. This strengthens workforces and increases the number of workers. We also help remove barriers to employment, educate business owners and policymakers on better processes, and equip vulnerable residents to gain financial stability. For more ACTION examples, visit our PARTNERS & PROGRAMS page.

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Impact Example

61% of multi-racial working individuals who earned credentials through United Way funded programs in 2017 gained higher wages and earned income.

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AmeriFirst Home Mortgage supports strategies within FINANCIAL STABILITY.