💰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:

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• 💥 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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🌍IMSPARK: Imagine Inclusive and Equitable CDFIs 🌍

 🌍IMSPARK: Imagine Inclusive and Equitable CDFIs 🌍

Imagined Endstate:               

                                                    Imagine a future where Community Development Financial Institutions (CDFIs) prioritize diversity, equity, and inclusion, creating inclusive finance that uplifts and empowers marginalized communities. 💼

Link:                                        

                                                            ·        CDFI Playbook: CDFI Playbook 🔗

                                                            ·        CDFI DEI Panel Slides: CDFI DEI Panel Slides 🔗

Source:

                                                            ·        Prosperity Now. (2023). CDFI Playbook. 📚

                                                            ·        Community Development Financial Institutions (2022). 

                                                        CDFI DEI Panel Slides. 📚

What's the Big Deal:

• 🏝️ Community Development Financial Institutions (CDFIs) are dedicated to serving and empowering marginalized communities, especially in areas of the Pacific that lack access to major financial institutions. These underserved communities often face significant barriers to accessing affordable financial products and services, hindering their economic growth and potential. 

• 🌊CDFIs can become instrumental in fostering positive social change in the Pacific. They can bridge the financial gaps by providing crucial financial resources such as affordable housing financing, small business loans, and community development investments. 

• 🏘️Through CDFIs' targeted approach and commitment to diversity, equity, and inclusion, underserved Pacific communities can gain access to capital and financial education. This empowers them to participate actively in the economy, boost local businesses, and create sustainable livelihoods. CDFIs serve as a catalyst for change, transforming undercapitalized areas in the Pacific into thriving, prosperous, and inclusive communities. 💪 

#CDFI,#Inclusion,#SocialJustice,#WealthEquity,#GenerationalPoverty,#startupcapital,#BridgingTheGap