💵 IMSPARK: Prosperity’s Current: Wages Rising in the Pacific💵

 💵 Imagine... Prosperity’s Current: Wages Rising in the Pacific💵

💡 Imagined Endstate: 

A future where fair wages flow throughout the Pacific, ensuring that every worker can ride the wave of economic stability and growth.

🔗 Link: 

Economic Policy Institute Wages Report

📚 Source: 

Economic Policy Institute. (2023). The impact of the Raise the Wage Act of 2023. https://www.epi.org/publication/rtwa-2023-impact-fact-sheet/

💥 What’s the Big Deal: 

The Raise the Wage Act of 2023 is a monumental stride towards economic justice💸, and its ripples are felt strongly in the Pacific communities. By proposing to increase the federal minimum wage to $17 by 2028, the act promises to uplift 27,858,000 workers across the U.S., many of whom are part of the Pacific🌊 . This wage hike is more than a number; it’s a lifeline for families struggling to stay afloat amidst the rising tides of living costs Bowl🍲. 

It’s about dignity, enabling workers to afford basic necessities without the constant fear of financial undertow⚖️. For Pacific communities, where the cost of living often outpaces earnings, this act could mean the difference between subsistence and prosperity🏠. It’s a commitment to valuing work and workers alike, ensuring that the Pacific’s contribution to the nation’s economy is recognized and rewarded. This is not just about surviving; it’s about thriving, fostering a wave of prosperity🌱 that carries each worker towards a brighter, more secure future.

#FairWages, #PacificProsperity, #EconomicJustice, #LivingWage, #RaiseTheWage, #FinancialStability, #CommunityGrowth

🏠 IMSPARK:Ownership Bridging Wealth Gaps in the Pacific🏠

 🏠 Imagine... Ownership Bridging Wealth Gaps in the Pacific🏠

💡 Imagined Endstate: 

A future where the Pacific communities have closed the racial wealth gaps through widespread asset ownership and inclusive economic policies.

🔗 Link: 

Pacific Ownership Movement

📚 Source: 

Das, S., & Ramdoss, S. (2023). Building an ownership movement to close racial wealth gaps. ImpactAlpha. Retrieved from ImpactAlpha.

💥 What’s the Big Deal: 

The movement to close racial wealth gaps through ownership is a critical endeavor, especially in the Pacific🌊where disparities can be pronounced due to historical, geographical, and systemic factors. Pacific communities🌴 can empower their members to achieve financial stability and independence by focusing on asset ownership to build wealth. This includes access to land, housing, and business opportunities💼 that appreciate over time.  

The big deal here is not just the economic uplifting of individuals✊ but the strengthening of entire communities. As ownership spreads, so does the capacity for self-determination, cultural preservation, and social equity⚖️. This movement is about rewriting the narrative from one of disparity to one of shared prosperity, where every member of the Pacific community has a stake in its future.

 #OwnershipWaves, #WealthEquality,#PacificProsperity, #EconomicInclusion, #AssetBuilding,#CommunityEmpowerment,#financialstability,#homeownership,#AssetsDevelopment, #IMSPARK,

💼IMSPARK: How the New CRA Rule Benefits Native Communities 💼

💼Imagine... How the New CRA Rule Benefits Native Communities 💼

💡 Imagined Endstate: 

Native communities have greater access to banking services, community development financing, and affordable housing through the modernized CRA regulations.

 🔗 Link: 

This page

📚 Source: 

Kokodoko, M. (2023). How the new CRA rule benefits Native communities. Federal Reserve Bank of Minneapolis. 

💥 What’s the Big Deal:

The new CRA rule introduces Native Land Areas (NLAs) as a category of eligible community development 🏠 that recognize the unique challenges and needs of Native communities. Banks can now receive CRA credit for activities in NLAs,💰even if they are outside of their assessment area. 🌱This could increase the availability of financial resources and opportunities for Native communities. 

#financialstability,#BusinessSupport,#CDFI,#CRA, #NativeLandAreas, #NLA,#IMSPARK,

🌱 IMSPARK: Inclusive Financial Data Sharing for the Pacific Islands 🌱

 

 🌱 Imagine Inclusive Financial Data Sharing for the Pacific Islands 🌱

💡 Imagined Endstate:

Imagine a future where the Pacific Islands, including underserved communities, have seamless access to financial services while maintaining control over their data. 🛡️This empowers marginalized Pacific communities to improve their financial well-being.

📚 Source:

Steele, F., Griffin, K., & Shaw, T. (2023, May 10). FAMILY FINANCES: A Call for Financial Inclusion in Data Sharing & Privacy. Aspen Institute.

🔗 Link:

 Aspen Institute - A Call for Financial Inclusion in Data Sharing & Privacy

🌟 What's the Big Deal for the Pacific:

🌅 The Pacific Islands face unique financial challenges. To create a truly inclusive financial system in the Pacific, discussions on financial data sharing and privacy are crucial. 🛠️In a region where digital financial services can be a lifeline, many Pacific Islanders are excluded. 📈 By including marginalized communities and services such as government-issued cards for assistance programs, we can ensure everyone benefits from innovations in financial technology. Smaller financial institutions 🏢 in the Pacific must not be left behind technologically; investments in their systems can level the playing field and foster financial inclusion. The Aspen Institute's driving principles for an inclusive financial system, tailored to the Pacific, could guide these discussions. 💪 Financial literacy and inclusion efforts are ongoing, and if effective they can create a more financially literate and inclusive Pacific society.

#financialstability,#WealthEquity,#WealthMobility,#ASPEN,#PacificIslanders,#EmpoweringCommunities,#IMSPARK,

💰IMSPARK: Imagine... Addressing Financial Insecurity in America 💰

💰IMSPARK: Imagine... Addressing Financial Insecurity in America 💰

• Imagined Endstate:

• 💡Imagine a future where every household in the United States has the financial stability and resources to meet their needs, build wealth, and participate fully in society. 

• Link:

• 🔗 Link to The New Wealth Agenda 

• Source:

• Aspen FSP. (2023). The New Wealth Agenda.

• What's the Big Deal:

• 
  

• 
  

• 💥 Financial insecurity affects over half of U.S. households, threatening their basic needs and perpetuating inequality. The New Wealth Agenda offers a comprehensive framework with eight key objectives to increase wealth ten-fold by 2050 for households of color and those in the bottom half of the wealth distribution. This agenda aims to foster financial stability, tackle debt, provide startup capital, offer wealth-building career pathways, promote equitable homeownership, ensure retirement security, explore shared ownership strategies, and leverage new innovations to protect and grow household wealth. By pursuing these objectives, we can create a future where all households have the opportunity to thrive financially, fostering inclusion, agency, and dignity for everyone. 🏠📈💰 

  
  

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