Exploring the financial lives of Americans
A recent project explores the financial lives of poor and middle-class Americans and the barriers they face toward economic stability and upward mobility. Research finds that the policies, products, and programs that exist to help many struggling Americans have to change in order to continue to meet their needs. (SSIR, 1/5)
The new barriers to economic stability and upward mobility are not trivial. Recent data show that wages are stagnant for a wide swath of earners, annual income volatility has risen markedly since the 1970s, economic mobility varies widely, wealth inequality is increasing, and the middle class is shrinking. That’s in addition to the long-standing, deep inequalities of race and class that have stubbornly resisted efforts to abate them.
But those data illuminate only macro-level changes. Households don’t make financial decisions—or other important decisions that affect or are affected by finances—based on annual averages or national trends. Financial lives are made up of day-to-day choices.
DISTRICT | The D.C. Office of the Deputy Mayor for Planning and Economic Development has launched a new website that will serve as a one-stop-shop for basic facts and government data about the city’s economic development. (DCist, 1/6)
– The New Yorker dives deeper into Darren Walker and the Ford Foundation’s big decision to move their focus toward tackling inequality. (The New Yorker, 1/4)
– In case you missed it, the IRA charitable rollover provision, which shifts millions of dollars from IRAs into charity, was made permanent, retroactive to January 1, 2015. (MarketWatch, 12/2015)
A few of our members are hiring! Be sure to share these exciting positions within your networks:
– The Northern Virginia Health Foundation is seeking an Operations and Program Associate.
Take a peek at these renderings of the architecturally impressive school building that may be coming to Rosslyn. And while you’re at it, take a look at some of these other impressive buildings that already exist in the region.