A report released by CFED (Corporation for Enterprise Development) today provides more evidence that the economic security and mobility of a growing number of District residents is suffering in the absence of policies that help them to build and protect assets.
Having a college degree, a home, and savings for retirement and other long-term goals are the building blocks of financial security for all Americans.
That’s why CAAB is joining CFED and 14 states in a policy initiative aimed at expanding wealth-building opportunities for those at the lower end of the income scale.
The Assets & Opportunity Campaign has two goals:
1) Making the case for policies that encourage our most financially vulnerable residents to prioritize saving and investment in assets.
2) Building a strong and diverse network of allies that view these policy proposals as essential to strengthening our local economy and
communities.
This press release provides more information on the state of asset ownership in the District of Columbia and opportunities to expand
savings and ownership and close the racial wealth gap that divides our prosperous city.
For more information on the Assets and Opportunities Scorecard or Campaign, visit scorecard.cfed.org.
Colleen Dailey is Executive Director of Capital Area Asset Builders (CAAB), a Grantee Partner of The Women’s Foundation.
