While only 10% of households across the Bay Area are living in poverty, over three times more are financially vulnerable. Brand new data from CFED in partnership with Citi Community Development reveals that 35% of households in the Bay Area are liquid asset poor—they do not have enough savings to live above the poverty level for just three months should they lose a job, have a health emergency, or suffer another disruption in income.
Those living in asset poverty lack a financial cushion and are unable to invest in their futures. They can’t save for education, homeownership, or retirement—things that create hope and opportunity for their family and children, and help grow the local economy.
This panel discussion will explore Family Assets Count, a partnership between CFED and Citi Community Development to bring first-of-its-kind data to raise public awareness and spark municipal action on the pervasive issue of financial insecurity. CFED will share national and Bay Area data and state policy advances. Our local partner, Alameda County Community Asset Network (AC CAN) will share local examples of promising practices and policies and how Family Assets Count is advancing this work.
Join Us To:
- Explore brand new data characterizing financial security for families
- Hear about promising local solutions and investments
- Discuss ways that we each can take a leadership role in improving financial security for Bay Area families
Speakers and Presenters
- Vicki Joseph, Northern CA Market Manager, Citi Community Development
- Solana Rice, Project Director, CFED
- Junious Williams, Executive Director, Urban Strategies Council
- Representative from the City of Oakland
- Funders interested in new data and promising solutions that address the complexity of financial security for families in the Bay Area
- This program is open to all NCG members and other non-member funders.
This program is co-sponsored by the Bay Area Asset Funders Network, Citi Community Development, and NCG.