Resources from Building Financial Security for Bay Area Families: New Data, Partnerships and Solutions
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—...