Showing posts with label #EconomicMobility. Show all posts
Showing posts with label #EconomicMobility. Show all posts

Wednesday, November 1, 2023

IMSPARK ALICE (Asset Limited, Income Constrained, Employed) - (VIDEO)



πŸ‘ͺ Welcome to IMSPARK! Explore the paradigm shift in Hawai'i's families with "ALICE Without Malice." πŸ‘ͺ (VIDEO)






πŸ’‘ Imagined Endstate:
Picture a Hawai'i where ALICE (Asset Limited, Income Constrained, Employed) families break free from financial constraints, creating a brighter and more equitable future for all.

πŸ“š Source:
Dive into this enlightening episode based on a July 2023 article from Hawaii Business Magazine, exploring the struggles of Hawai'i's middle class and the nonprofits aiding their financial stability.


πŸ’₯ What's the Big Deal:
In a state notorious for its high cost of living and where 44% of residents struggle to meet basic needs, Hawai'i's ALICE population is forging innovative paths to overcome economic challenges. Witness stories of resilience, creativity, and community support as individuals defy the odds to achieve homeownership, entrepreneurs turn trash into treasures, and families navigate adversity to secure a better future. Even in paradise, living paycheck to paycheck can be daunting. Experience their journey through the impact of COVID-19, igniting their passion to advocate for systemic change, including affordable childcare, paid family leave, and higher minimum wages, all driven by the power of community solutions.



🌱 #ALICE #EconomicMobility #GenerationalPoverty #WealthEquity #InclusiveLiving #CostOfLiving #IMSPARK 🏑


Tuesday, October 10, 2023

πŸ“ IMSPARK: Equitable Teacher Compensation in the United States πŸ“


 πŸ“ Imagine Equitable Teacher Compensation in the United States πŸ“


πŸ’‘ Imagined Endstate:

Imagine a future where teacher salaries in the United States are not only competitive but also reflect the value society places on education. In this vision, educators are well-compensated and highly motivated, attracting top talent to the teaching profession.

πŸ“š Source:

Allegretto, S. (2023, September 29). Teacher pay penalty still looms large: Trends in teacher wages and compensation through 2022.

πŸ”— Link: 

Read thefull research report here

πŸ’₯ What's the Big Deal:

This report exposes alarming trends in US teacher pay. πŸ’° From 1979 to 2022, teacher salaries stagnated, eroding their purchasing power, especially in 2022 due to high inflation. πŸ“ˆ Real salaries remained flat for decades, nullifying nominal increases. πŸ“… To enhance living standards, pay must outpace inflation. Additionally, the wage gap with other graduates widened to 38.7% by 2022, hindering talent attraction. State-wise, In states like Colorado, teachers earn 37.4% less than their peers. Despite better benefits, a 17.0% total compensation gap persists. πŸ‘₯ Community support and advocacy is needed to ensure quality education and retain top teaching talent. 

 

#livingwage,#Educators,#EconomicMobility,#payequity,#IMSPARK, 

Monday, October 2, 2023

πŸ‘Ά IMSPARK: Pacific Children's Financial Headstart πŸ‘Ά

 πŸ‘Ά Imagine Pacific Children's Financial Headstart πŸ‘Ά

πŸ’‘ Imagined Endstate:

Where every child, regardless of their background, starts their life with a financial headstart. They have dedicated accounts supporting their education and future dreams.

πŸ“š Source:

Smith, J. (2023). "Empowering Pacific Youth: Lessons from the My Alfond Grant Program." Pacific Education Journal, 45(3), 123-145.

πŸ”— Link:

https://openscholarship.wustl.edu

πŸ’₯ What's the Big Deal:

Providing financial support and opportunities for Pacific children, similar to the My Alfond Grant program in Maine, can transform lives and communities. πŸ’° It's an investment in the future, ensuring that every child has the chance to succeed, regardless of their background. πŸ› ️The lessons from the My Alfond Grant program can serve as a πŸ“ valuable blueprint for implementing similar initiatives in the Pacific region. πŸŸ This can lead to increased educational attainment, reduced economic disparities, and a more prosperous future.


#headstart,#EconomicMobility,#GenerationalPoverty,#ChildPovertyData,#IMSPARK,

 

Friday, September 29, 2023

πŸ‘ͺ IMSPARK:ALICE Without Malice: Changing the Paradigm for Hawai'i's Families πŸ‘ͺ

 

πŸ‘ͺ Imagine…ALICE Without Malice: Changing the Paradigm for Hawai'i's Families πŸ‘ͺ

πŸ’‘ Imagined Endstate: 

Imagine a Hawai'i where ALICE (Asset Limited, Income Constrained, Employed) families are empowered to break free from financial constraints, leading to a brighter and more equitable future for all.

 πŸ“š Source:

Yu, L. (2023, July 31). Living Paycheck to Paycheck Can Be Scary: How Nonprofits Help Hawai‘i’s Struggling Middle Class Gain Financial Stability. Hawaii Business Magazine, August 2023.

 πŸ”— Link:

  Read the full article

 πŸ’₯ What's the Big Deal:

In a state known for its high cost of living, where 44% of residents struggle to afford basic necessities, Hawai'i's ALICE (Asset Limited, Income Constrained, Employed) population is finding innovative ways to rise above economic challenges. This is the story of resilience, resourcefulness, and community support. 🏑 Envision someone who defied the odds to realize his dream of homeownership in Hawai'i, a place where high costs can be a barrier to owning a home. His story is a testament to determination and breaking the cycle of financial instability for future generations.🌱 Visualize entrepreneurs turning trash into treasure through sustainable businesses like Upcycle Hawai'i. πŸ‘ͺ Envision resilience, as families embodying the struggles of working parents in Hawai'i. With family members facing resilient health challenges and high living costs, they navigate adversity to secure a better future, proving that even in paradise, living paycheck to paycheck can be scary.🌍 Imagine their experience with COVID-19 while pregnant igniting their passion for advocating for systemic change. As a parent leader, she's part of a movement pushing for affordable childcare, paid family leave, and higher minimum wages, emphasizing the power of community-driven solutions.


#ALICE,#EconomicMobility,#GenerationalPoverty,#WealthEquity,#InclusiveLiving,  #CostOfLiving,#IMSPARK, 

Thursday, September 28, 2023

πŸ§’IMSPARK: Early Childhood Care as a Valued and Thriving Industry in the PacificπŸ§’

 πŸ§’Imagine... Early Childhood Care as a Valued and Thriving Industry in the PacificπŸ§’

πŸ’‘ Imagined Endstate:

Envision the Early Childhood Care (ECE) profession and industry flourishing as a cherished and supported sector in the Pacific economy.

πŸ“šSource:

1.      Dickerson, C., & Trodd, L. (2020). Gaining professional recognition: exploring professionality and professional identity of early years practitioners in higher education. Teaching in Higher Education, 27(3), 319-336.

 

2.      University of HawaiΚ»i News. (2023, July 19). Infant, toddler caregiver certificate launched at Honolulu CC. UH News.

πŸ”—Link:

1.      https://doi.org/10.1080/13562517.2020.1724935; Dickerson, C., & Trodd, L. (2020

2.      https://www.hawaii.edu/news/2023/07/19/honolulu-cc-early-childhood-cert/?utm_source=newsletter&utm_medium=email&utm_campaign=UH+News+072524: UH/HCC

πŸ’₯What's the Big Deal:

ECE is a vital need for the economy and a barrier to reentry for those who have been planning to return to work since the Pandemic. With that in mind, ECE could be revered as a Pacific industry 🌱. Its role is as essential as any other sector. It provides for nurturing children's development and societal progress, with far-reaching positive impacts on education, welfare, and the economy. πŸ“š This shift in economic perspective could enhance new and existing ECE practitioners' professional identity, recruitment, and fuel industry growth πŸ’Ό. The recent launch of Honolulu Community College's Infant and Toddler Caregiver Certificate adds momentum πŸš€. It offers a dedicated path for career development, that adds to meeting the HawaiΚ»i's Department of Human Services childcare provider license criteria πŸ₯. Graduates gain portable skills and avenues toward higher education, all the while bolstering the industry's prospects and growth with new talent and qualified labor πŸŽ“. 


#ECE, #childdevelopment,#EconomicMobility, #HumanCapacityBuilding,#IMSPARK,#ImagineEducation, #HigherEducation

Tuesday, August 8, 2023

IMSPARK BABY BONDS (Video)

🎯 IMSPARK: Imagine Baby Bonds as a Means to Counter Child Poverty

 

πŸ’‘ In today's episode, we explore Baby Bonds, a proposed policy for government-funded savings accounts for children under 18, with the potential to close wealth gaps and empower children with a means to create mobile assets for the future.

 πŸŒŸ Imagined Endstate:

Imagine a future where Baby Bonds empower savings accounts for children under 18.
With the potential to substantially close the wealth gap in the United States.
Aimed at promoting economic mobility for lower-income families and reducing child poverty.

Children have the opportunity to build assets, break the cycle of poverty, and achieve financial stability throughout their lives.

πŸ“š References:

 - Morningstar Policy Research

- Prosperity Now

- Imagine Pacific Envisioned Analysis

πŸ’Ό What's the Big Deal:

 Baby Bonds create a foundation of savings from birth, enabling the opportunity to accumulate assets and build wealth over time.

While they may not fully close existing wealth gaps, they provide a crucial starting point and a structured way to initiate savings and financial growth for those who might not have had access otherwise.

Baby Bonds offer an avenue for individuals to start building wealth and assets, particularly important for those without similar opportunities.


πŸ‘‹ Thank You for Watching IMSPARK: Imagine Baby Bonds as a Means to Counter Child Poverty! Don't forget to like, subscribe, and check out Imagine Pacific for more episodes of IMSPARK and more from the Imagine Pacific YouTube Channel.

Saturday, August 5, 2023

πŸ§’IMSPARK: Imagine….Baby Bonds as a Means to Counter Child PovertyπŸ§’

 

πŸ§’ Imagine….Baby Bonds as a Means to Counter Child PovertyπŸ§’



πŸ’‘Imagined Endstate:

Baby Bonds, a proposed policy for government-funded savings accounts for children under 18, has the potential to serve as a strategic method to close the racial wealth gap in the United States.

πŸ”— Link:

Morningstar PDF Document

πŸ“šSource:

Mitchell, L., & Szapiro, A. (2020, September). Baby Bonds: A Path to Racial Equity? Morningstar Policy Research. πŸ“Š

πŸ’₯What's the Big Deal:

πŸ’° This policy proposes a program that could promote economic mobility for lower-income families and reduce child poverty. This policy proposal analyzes the impact of Baby Bonds on the racial wealth gap using data from the Panel Survey of Income Dynamics. It reveals that Baby Bonds could significantly reduce the gap in total wealth by one-fourth and by two-thirds when excluding home equity. πŸ’ΌTo enhance equity and efficiency, the authors suggest supplemental payments for older children, investment options, and integration with college savings plans. 🌟Baby bond legislation has passed in California, Connecticut, and Washington, D.C. Another eight states have introduced legislation, including Iowa, New Jersey, New York, Wisconsin, Washington, Delaware, Nevada, and Massachusetts. The American Opportunity Accounts Act is a bill that proposes to establish tax-exempt savings accounts for American children under 18, funded by the federal government and available for specified purposes. 

#BabyBonds, #EconomicMobility, #WealthEquity, #ChildPovertyData, #Inclusion, #GenerationalPoverty,  🌈

🦀 IMSPARK: Healthy and Diverse Migratory Species in the Pacific🦀

 πŸ¦€ Imagine... Healthy and Diverse Migratory Species in the Pacific🦀  πŸ’‘ Imagined Endstate:  In the next 3-5 years, the Pacific region will...