Are Government Efforts to Help Poor People Manage Money Working?

Overview

This Governing article looks at the impact of the Financial Empowerment Center initiative, and its unique connection to local government and focus on outcomes.

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Impacts

Press Release

March 21, 2013

CFE Fund Announces Opening of New Financial Empowerment Centers in 5 Cities

Financial Empowerment Centers offer free, professional, one-on-one financial counseling to enable residents to address their financial needs and plan for their futures. In this March 2013 press release, the CFE Fund and Bloomberg Philanthropies announce the opening of five new Financial Empowerment Center programs to provide free, personalized, and professional financial counseling to residents of Denver, CO; Lansing, MI; Nashville, TN; Philadelphia, PA; and San Antonio, TX.

Press Release

February 21, 2014

The CFE Fund and Bloomberg Philanthropies Award Technical Assistance Grants to 7 Cities Replicating the Financial Empowerment Center Model

Financial Empowerment Centers offer free, professional, one-on-one financial counseling to enable residents to address their financial needs and plan for their futures. In this February 2014 press release, the CFE Fund and Bloomberg Philanthropies announce a second wave of In-Kind Technical Assistance grants to seven cities: Cleveland, OH; Hartford, CT; Hawai’i County, HI; Los Angeles, CA; Miami, FL; San Francisco, CA; and Seattle, WA.