April 8, 2015: Upcoming Webinar; College Calculator; and more…
UPCOMING WEBINAR — Building Financially Secure Futures: Understanding the Role of Assets in Efforts for Boys and Men of Color
Thursday, April 9, 2015
11 a.m. PT/ 12 p.m. MT/ 1 p.m. CT/ 2 p.m. ET
This PolicyLink webinar, the first in a series, will highlight the role that financial insecurity plays in a range of issues that face low-income boys and men of color. The goal of this webinar is to open a dialogue among practitioners and advocates working to advance opportunity for this group and offer suggestions for how best to adopt a lens around financial security within their work. The series will also feature a range of guest speakers from both the asset-building field and the national field of work focused on boys and men of color and will touch on issues related to education, employment, health, and criminal justice. Learn more about this webinar and register today.
The Cost of Asset Testing for CalWORKs Program
EARN and the Californians for Shared Prosperity coalition issued a report, The Cost of Asset Testing for CalWORKs Program, that looks at the cost the State of California incurs verifying assets of CalWORKs recipients. Families and individuals must pass an “asset test,” in order to receive public assistance. This report found that California spends over $6.4 million annually on asset testing and verification to find that only 1 percent of total cases exceed asset limits. It recommends lifting the asset test requirement. Read more here.
Volunteer Tax Prep Can Provide a Significant Benefit to Low- and Moderate Income Taxpayers
Check out CFED’s recent study which highlights how IRS-certified tax preparation volunteers working at Volunteer Income Tax Assistance (VITA) sites helped return nearly $4 billion in refunds in 2014, including $1.1 billion in earned income tax credits, to 3.2 million taxpayers. According to CFED, “Taxpayers who use these programs not only receive an economic boost from tax credits generated from the program, but they also help millions have access to the financial mainstream by ensuring that tax returns are filed accurately, which can be critical when it comes to obtaining mortgages, small business loans, college financial aid and even citizenship.” Learn more about this study.
Is College Worth It? Test out the New Tool from the Federal Reserve Bank of San Francisco
The Federal Reserve Bank of San Francisco’s 2014 annual report explores the value of education from an economic, individual, and societal perspective. Take a look at their new college calculator to get a glimpse at whether the money students plan on spending on college will really pay off.
In the News….In Case You Missed It
“It’s Not the Inequality; It’s the Immobility,” New York Times
“Maxine Waters Works to Shrink Wealth Gap,” The Philadelphia Inquirer
“The Rise of the Working Poor and the Non-Working Rich,” Baltimore Sun
To scan the latest news, check out the newsroom page on the Access website.
Join us on Twitter @access2assets on Wealth Gap Wednesdays!
Join us today and every Wednesday in lifting up solutions, strategies, and new research by tweeting and sending the Access team news, research, infographics, and any related information for us to share via social media and on our website. We hope that you can join us in using the hashtag #wealthgapweds as you tweet out your messages on financial security related issues.