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A Local and National Perspective on the State of the Asset-Building Field Andrea Levere , President, CFED 2012 Hawai’i Family Financial Empowerment Symposium. What Hawai`i Brings to the Assets Field. Hawai`i Framework Modifications. Start from a values base and cultural context
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A Local and National Perspective on the State of the Asset-Building Field Andrea Levere, President, CFED 2012 Hawai’i Family Financial Empowerment Symposium
Hawai`i Framework Modifications • Start from a values base and cultural context • Cultural, environmental & community sustainability • Build genuine wealth through the concept of “enrichment” as expressed in the name of Ho’owaiwai Network • Amend the framework by adding the imperative to “Share it” • Aim to engage in rigorous policy advocacy, practice innovation, and evaluation at meaningful scale
State of the Movement • Consistency of focus: creating the “mindset of asset-building” • Creation of increasingly diverse, growing networks at the state and county levels • Frame an ambitious policy agenda • Design and delivery of both “low-hanging” and cutting edge products and services
Consider these numbers Lowest level of Liquid Asset Poverty in the nation at 23 % (compared to 43% for the US) Yet… Ranked 51st in both Average Annual Pay and Affordability of Homes
Scaling impact at home and abroad • Embed and integrate: expand the “super-vitamin” approach • Big policy: eliminate asset limits at home and advocate for a universal savings incentive abroad • New business models: create new routes to financial sustainability • Parents will do for their children what they won’t do for themselves: from CSAs to financial inclusion
Leading us into the Future: Children’s Savings Accounts Creating a culture of savings over the lifetime by starting early with an account and financial education.
Register Today! The 2012 Assets Learning Conference: Ideas Into Action September 19-21, 2012 Marriott Wardman Park Hotel, Washington, DC. Visit: www.assetsconference.org