By Melissa Young, Director, National Initiatives on Poverty & Economic Opportunity
Last month, we were honored to support the Campaign for Black Male Achievement in developing bold goals and indicators to help strategically guide the organization’s ongoing efforts to improve the life outcomes of black men and boys. While men and youth of color face a myriad of challenges in health, education, wealth, housing, and other social and economic outcomes, it’s clear to us and many others across the country that economic opportunity must be a key area of change. We must redouble our efforts to ensure that men and youth of color have access to employment and economic opportunity and we must measure our progress against these goals.
By Indivar Dutta-Gupta & Kali Grant, Georgetown Center on Poverty and Inequality
The job market continues to bounce back from the economic downturn, but Americans’ feelings about job opportunities remain the same. Despite months or even years searching for jobs, two million Americans—more than a quarter of all unemployed workers—are long-term unemployed, meaning they’ve been searching for work for six months or longer. Unemployment is in no uncertain terms a waste of economic and human potential in our communities, demanding attention from philanthropists, advocates, service providers, and policymakers alike. Subsidized employment is a proven, promising, and underutilized approach to solving this problem.
By Caitlin C. Schnur, Coordinator, National Initiatives on Poverty & Economic Opportunity and David Applegate, Research and Policy Assistant, National Initiatives on Poverty & Economic Opportunity
April is Financial Literacy Month, and we believe that every person deserves the opportunity to save and build wealth across their lifetime—including people experiencing homelessness. The most recent data show that 44% of households in the United States—and 80 percent of the poorest households—are liquid asset poor, meaning they have less than three months’ worth of savings. It’s safe to assume that people experiencing or at high risk of homelessness fall into this category and face significant challenges to building savings and wealth. In addition to connecting homeless jobseekers to employment, workforce development programs can foster their clients’ long-term economic success by integrating financial literacy and asset building into their services. Wondering how? Here are five strategies to help people experiencing homelessness meet their short term economic needs and build toward future goals.