Forging Pathways to Opportunity Fran Rosebush Baylor, Director of Field Engagement Rural LISC Summit, August 29, 2017
Prosperity Now s mission is to ensure everyone in our country has a clear path to financial stability, wealth and prosperity.
Too Many Left Behind The economy shows signs of gaining momentum, but only for a lucky few large numbers of American families are left behind and barely scraping by.
Income Volatility 40% of those experiencing volatility struggled to pay their bills at least once because of the ups and downs in their incomes. - Federal Reserve Board, Survey of Household Economic Decisionmaking
Inability to Save
Few Have Savings Cushion $6,150 FOR A FAMILY OF FOUR IN 2017
Disparities by Race Source: 2017 Prosperity Now Scorecard
Household Financial Security Framework
Understanding Financial Capability = FINANCIAL CAPABILITY
What Works Building blocks for change: Prosperity in Reach Concrete solutions to create opportunity and reduce inequality Addressing structural barriers to opportunity embedded in federal, state and local policies A constituency to engage and mobilize in support of policies and solutions that expand opportunity A vision that powerfully articulates the promise of prosperity for all
Improving Outcomes Through Integration of Services Compared to participants who only receive one service, clients who take up multiple services are 3-4X more likely to achieve a major economic outcome, such as: Job attainment Increased income Increased savings
Integration of Financial Empowerment Services Financial Capability Services Other Program Services (e.g., housing, workforce development, education)
Why Integration: Increased Scale & Leverage Existing Funding Federally Assisted Housing Financial Capability Federal Workforce Programs Community Health Centers Head Start Total Served: 37M Total Funding to Leverage: $66.1B
CP2
Slide 15 CP2 Duplicate? Cameron Parsons, 7/29/2015
The Rising Cost of Upside-Down Tax Programs
53 Policy Measures 60 Outcome Measures 20 Disaggregated by Race
Customizable State Profiles
New Local Scorecard Measures
ProsperityNow.org/advocate
Advocacy Boot Camp: An Online Toolkit for Advocates Use the Advocacy Toolkit to: Understand how and why advocacy matters Hone your skills as an advocate Download Putting Prosperity Within Reach, a how-to guide for advancing equitable policies https://prosperitynow.org/advocate/toolkit
The Prosperity Now Community The Prosperity Now Community facilitates learning creates connections & inspires action with more than 24,000 people in all 50 states and DC to create and improve programs and policies that foster opportunity, especially for those who have not had it before. Get involved in the Community today! Sign up to stay informed about Prosperity Now and the Community. Sign up today at prosperitynow.org/join.
Want to dig deeper into specific issues? Sign up for listservs and working groups, volunteer to facilitate peer discussions, serve in a leadership role and more! Taxpayer Opportunity Network Adult Matched Savings Network Financial Coaching Network Innovations in Manufactured Housing (I M HOME) Network Affordable Housing Network Racial Wealth Equity Network Campaign for Every Kids Future Children s Savings Accounts Visit any of the networks above at https://prosperitynow.org/get-involved to get started.
Serve as a Community Champion and partner with Prosperity Now on enacting change as a leader in your state, tribal or local community! Learn more and apply today at https://prosperitynow.org/get-involved
Prosperity Now Community Champions
Join us as we work to ensure prosperity is in reach for all
Thank you! Fran Rosebush Baylor Director of Field Engagement Prosperity Now fbaylor@prosperitynow.org @FranRosebush