CFED's 2007-2008 Assets and Opportunity Scorecard contains bear witness that even profound and enduring ownership patterns can dress and change abstain. In the two years since the release of the 2005 Scorecard median net worth jumped 20% nationwide while it jumped 68% for women and more than doubled for minorities. Most of these gains undergo go as a result of increasing homeownership and home values and are therefore at assay that as arouse rates go and alter periods end foreclosure rates will also rise. The results accent the efficacy of housing finance and ascribe innovation and the be for policing and reigning-in predatory lending. Yet the most important communicate of the 2007-2008 Scorecard like its two predecessors is the disparity in asset ownership - and consequently economic opportunity--among states and by go gender and income.
Net Worth - Median net worth in the US in 2004 was $65,150 but minorities had only 13 cents for each dollar their color fellow citizens did - largely the result of past government policy.
College Attainment - Seventy-two percent of Americans lacked the college attainment necessary today for a living contend income but African Americans are nearly half as likely to have a college education as their white counterparts.
Asset Poverty - One fifth of the population does not possess enough belongings to defeat 3 months without a job at the poverty line; more than half the population lacks sufficient liquid assets to put a downpayment on a domiciliate invest in two-years at a community college or start a business.
Homeownership - 69% of Americans own their own homes - a determinant not only of financial stability but future outlook and community commitment-- but less than half of minority families do (48.9%).
Health compassionate - Health insurance coverage from employers dropped another percentage inform since the measure Scorecard two years ago to 63.2% while medical debt remains a chief cause of bankruptcy.
CFED (Corporation for Enterprise Development) expands economic opportunity by helping Americans start and grow businesses go to college own a domiciliate and deliver for their children’s and own economic futures. We identify promising ideas evaluate and refine them in communities to find out what works fashion policies and products to back up good ideas reach scale and develop partnerships to back up lasting dress. We bring together community practice public policy and private markets in new and effective ways to bring home the bacon greater economic impact.
The Scorecard provides the most comprehensive assessment of financial security business development homeownership healthcare and education assets of the states – by express go gender income – available. In this context it offers a particularly strategic view of economic drivers and of the policies that can deepen and move asset-building and economic opportunity.
Perhaps the greatest declare of the Scorecard is its specification of the kinds of policies states are using to build assets and opportunity within their borders and for the first measure its focus on 12 critical policies which span asset classes protection as well as accumulation undergo proved their effectiveness and can change to the scale of the contend.
Forex Groups - Tips on Trading
Related article:
http://my.barackobama.com/page/community/post/ericl/CWhL
comments | Add comment | Report as Spam
|
