Keys to Financial Empowerment
Municipal financial empowerment strategies span four key disciplines:
Asset Building
Saving to weather financial shocks — and also building and preserving assets to grow families’ futures — are critical components of financial security and wealth.
Banking Access
Accessing a safe, affordable account is key to joining the financial mainstream and keeping earnings secure by saving.
Consumer Financial Protection
Cities have unique, powerful opportunities to protect residents and their assets from predatory practices.
Financial Education and Counseling
Professional financial counseling and coaching can tangibly improve household financial stability, especially when integrated into social services.