Cathie Mahon, Federation President and CEO, is a contributor to What It’s Worth: Strengthening the Financial Future of Families, Communities and the Nation. To read her essay, Reestablishing Trust, An Essential First Step for Financial Institutions, order a free copy of the book at www.strongfinancialfuture.org.
A majority of Americans today struggle with debt, limited savings, and have little chance of moving up the economic ladder. What can be done to address a problem that has devastating consequences for families, communities and our nation as whole? A new book released today by CFED and the Federal Reserve Bank of San Francisco explores these and other questions, offering both answers and hope.
What It’s Worth: Strengthening the Financial Future of Families, Communities and the Nation includes 40 essays by the nation’s leading experts on economics, financial services, public policy and philanthropy from across a broad range of sectors. It is available at www.strongfinancialfuture.org. Funding for the book was provided to CFED by the Citi Foundation.
Financial well-being effects and is affected by every aspect of a person’s life-what schools they attend, where they live and work, and how healthy they are. According to the book’s authors, opportunities for achieving financial health need to be integrated across all sectors and in all communities.
Essays featured in the book explain why connecting financial well-being with jobs, health, housing, and the economy is critical to the country’s economic future. It also describes key trends that are driving poor financial health-including age, education, race and ethnicity-and offers promising solutions from across a broad range of sectors:
Click here to watch a recording of the live webcast of the Financial Well-Being Summit on December 8, 2015.
Creating a Financially Healthy America Panelist: from L to R are Raj Date (Fenway Summer), Cathie Mahon (Federation), Jose Quinonez (Mission Asset Fund), Annie Donovan (CDFI Fund) and Ellen Seidman (Urban Institute)