Financial Stability
Stabilizing Financial Security for Women
“To shepherd our collective efforts and move the needle to improve the economic well-being of single low-income women, we must understand how asset in-equality is compounded by structural barriers to wealth building for women, including accessing income, tax benefits, social services programs, and financial products and services.”
Women, Race, & Wealth
“Wealth is the key to ensuring economic security and it is what enables families to build a better future. Wealth – what you own minus what you owe – acts as the fence between temporary setback and economic catastrophe; it allows us to live and retire with dignity and security. Without savings or wealth of some form, economic stability is built on a house of cards that quickly crumbles when income is cut or disrupted through job loss, reduced work hours or reduced wages, or if families suffer from an unexpected health emergency. Wealth is also tied to the well-being of the next generation, as it provides parents with the ability to help pay for their children’s college education, and can also be passed down from generation to generation. In fact, the intergenerational transfer and impact of wealth is one of the reasons why racial wealth inequities have become entrenched.”
