Financial security
Overview
Financial security strategies focus on increasing residents' economic strength, short-and long-term incomes and savings, and financial knowledge and skills. These strategies can improve family health and well-being, housing stability, and educational attainment, all of which promote better mobility outcomes at all life stages.
Evidence-based strategies
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Description | Outcome Areas |
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Providing coaching, coursework, tools, and more for participants to improve their short- and long-term financial wellbeing
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Stable and healthy families | |
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Reducing or eliminating financial penalties, waiving debt, and expunging records for minor offenses
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Stable and healthy families | |
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Providing unconditional cash transfers to residents at regular intervals
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Stable and healthy families Supportive neighborhoods | |
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Increasing housing stability for tenants at risk of displacement and homelessness
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Stable and healthy families Supportive neighborhoods | |
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Requiring all employers within a jurisdiction to pay wages adjusted to local living costs
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Stable and healthy families High-quality employment | |
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Helping residents balance work, health, and caring for family
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High-quality employment Stable and healthy families | |
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Improving resident experience in learning about, applying to, and receiving aid
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Stable and healthy families Racial equity in government | |
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Supporting wealth creation for low-income households through a range of savings models
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Stable and healthy families Supportive neighborhoods |