The first-ever Assets & Opportunity National Week of Action took place from January 25-29. Our goal for the Week of Action was to call attention to the issues of economic insecurity and inequality that too many families across this country face, while highlighting the successful solutions that create an opportunity economy in which everyone has the chance to get ahead.
With your help, the Week of Action was a huge success! Nearly 2 million users saw Week of Action content online, while more than 1,500 people were engaged in one of the three events we hosted that week. These and a host of other victories show that when we come together, we can accomplish a great deal.
Getting Involved in the National Week of Action
Here are some of the ways people participated in the first-ever National Week of Action:
Use the data, tools and resources in the 2016 Assets & Opportunity Scorecardto illustrate the many ways that families across the country are struggling to get ahead.
Use and share social media toolkits (links to toolkits for individual days in the expandable menu below) to help raise awareness about solutions that build credit, rein in predatory lending, help families save for college and put the EITC within reach for more households.
Participate in a webinar to mark the national release of the 2016 Assets & Opportunity Scorecard on January 25.
Join any of our events (links in the expandable menu below) to learn more about the role you can play in building financial security.
The expandable menu below includes some of best content from the week, plus links to events and additional resources.
Despite Recovery, Economic Insecurity Lingers Released annually, the Assets & Opportunity Scorecard shows how well residents of all 50 states and the District of Columbia are faring, as well as how states can do more to help their residents thrive. The 2016 findings show that years after the Great Recession, too many Americans are trapped in a cycle of financial insecurity.
Building Strong Credit We know that good credit can be the key to unlocking opportunities to get ahead, but too many families have poor credit scores, preventing them from participating in the financial mainstream. On January 26, we'll work to promote programs and policies that help families build strong credit scores and get access to safe and affordable credit and loan products.
Credit is an Asset that Can Unlock Opportunity As CFED’s 2016 Assets & Opportunity Scorecard revealed yesterday, 51% of consumers don’t have prime credit, meaning if they can take out a loan, they are forced to do so at sometimes exorbitant rates. Read more from CFED Project Manager Arohi Pathak about the importance of viewing credit as an asset.
Credit Builders Alliance's Twitter Town Hall Join with Assets & Opportunity Network members to show the power of credit as an asset by participating in Credit Builders Alliance’s Twitter Townhall from noon-3 pm EST. You can participate by asking questions related to credit reports, credit scores and credit building using #creditbuildingday on Twitter.
Consumers Can't Wait Those of us with a financial cushion make it work when unexpected expenses come our way, such as an emergency car repair. Yet, for the nearly half of us living in liquid asset poverty, sometimes the only option to overcome these setbacks is to turn to high-cost, often predatory loans, such as from payday lenders and check cashers. On January 27, we'll work to promote consumer protections that ensure no one falls prey to the vicious cycle of debt caused by predatory lenders.
Protecting Small Businesses from Predatory Lending This webinar will highlight how predatory lending practices impact small business owners/borrowers, policy solutions including the BBOR and local efforts to end predatory small business lending practices. Whether you represent an advocacy organization, small business service provider, CDFI, lender, broker, investor or think tank, this is your chance to learn more about the impact of predatory lending practices. Click here to register for the webinar!
Funding Kids' Aspirations Postsecondary education is the surest pathway to the middle class, but too many children exclude higher education from their dreams because rising costs make college seem out of reach. Luckily, by saving early, we can help close this aspiration gap and put higher education within reach for more families. On January 28, we'll promote children's savings as a way of helping kids believe in their potential to go to college and build a better life for themselves and their families. Get all the details here.
The Promise of Children's Savings Children’s Savings Accounts (CSAs), which provide incentives to help children grow savings for postsecondary education, are a powerful tool for helping low- and moderate-income children build aspirations and the financial means necessary for going to college. This online briefing will cover how CSAs work, discuss their powerful impact on children’s aspirations and futures, and explain how you can help expand CSAs to more children. Speakers will include field experts, along with policymakers and practitioners who have created CSA programs Click here to register for the webinar!
Connecting Working Families with Tax Credits that Help them Get Ahead National EITC Awareness Day happens each year on January 29 to help prove the importance of the Earned Income Tax Credit and other tax credits that help working families get ahead. This year, we're using EITC Awareness Day to show policymakers at the local, state and federal levels why access to tax credits for working families is essential to building financial well-being. Learn more about CFED's involvement with taxes.