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Being broke in america : Lend for america summit 2012. October 27, 2012. Session Overview. 1 ) Learn about the crisis facing low-income families in America
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Being broke in america:Lend for america summit 2012 October 27, 2012
Session Overview 1) Learn about the crisis facing low-income families in America 2) Financial services available to low-income families3) Why are financial coaching & asset building important tools for creating pathways out of poverty?
Meet Shirley • Shirley works 35-40 hours per week at the campus dining hall • She is a single mother with two children in elementary school
Public Benefits • Supplemental Security Income (SSI) • Social Security Disability Insurance (SSDI) • Earned Income Tax Credit (EITC) • Food Stamps • Medicaid • Unemployment • Veteran’s Benefits • Work First • Section 8
Shirley’s car breaks down… What would you do?
Family emergency! Shirley is at work, and it’s right in the middle of the lunch rush. Her daughters’ school calls. Shirley’s second-grade daughter, Haley, has had a severe asthma attack at school.
How Shirley’s Story Connects • Need for credit • Need for liquid savings • Need for ongoing financial coaching • Need for broader social support, community, and a holistic perspective