Community Development Blog

Posted October 7, 2014

People typically pursue financial education on an as-needed basis and usually when there is a crisis or a big purchase involved. What it would take to get people thinking about their finances earlier on? How do we integrate financial capability into the everyday? The California State Controller’s Office is trying to promote financial capability via community networks rather than a standalone formal educational program. They will build a financial capability infrastructure enabling the experts and the high-touch community leaders to better serve communities by reducing program redundancies and increasing outreach.

Posted October 1, 2014

Under the Affordable Care Act (ACA), hospitals are finding themselves in a similar environment that banks were when the Community Reinvestment Act (CRA) was passed in 1977. Hospitals now have a clear obligation to the communities (especially under-served ones) they serve through Community Benefits requirements, similar to the way banks are required to serve the needs of low-income communities through the CRA.

Posted September 30, 2014

In the news and among the public, recent discussions have focused on the income gap between the rich and the poor in the United States. Yet the deep and growing divide between American households in terms of wealth – the sum of assets, such as retirement savings or a house, minus debt – has received less attention, even as it is proving deeply disruptive and quite difficult to reverse.  Accumulated wealth and diversified savings can be far more important than income for keeping household finances stable through volatile shifts in the economy.

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