1 Developed by: The Alameda County Community Asset Network (AC CAN) With Assistance of: Corporation for Enterprise Development March 25, 2015.

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Presentation transcript:

1 Developed by: The Alameda County Community Asset Network (AC CAN) With Assistance of: Corporation for Enterprise Development March 25, 2015

BROADWAY, 2 ND FLOOR OAKLAND, CA

1. What Are Income and Asset Development Services? 2. Who Needs Income and Asset Development Services and Why? 3. What is ACCAN and How Do We Help Families? 3

 Banking & Financial Products/Services  Public Benefits  Income Supports  Education & Training  Financial Education  IDA's & Matched Savings Programs  Small Business Development  Credit & Debt  Employment & Job Search  Tax Preparation & EITC 4

5 The Self-Sufficiency Standard for California 2014 Source: Center for Women's Welfare, University of Washington; California Labor Code § , as amended; Oakland Municipal Code, Chapter ; Calculations by Families USA based on data from the U.S. Department of Health and Human Services.

6

7 4 out of every ten households could not pay basic expenses for 3 months if they faced an emergency

OF CALIFORNIA HOUSEHOLDS ARE LIQUID ASSET POOR 46% SOURCE: 2014 Assets & Opportunity Scorecard, Census Bureau, Survey of Income and Program Participation (SIPP), 2008 Panel, Wave 10, for US and States (excluding AK, DC, SD, WY). “Liquid Asset Poor”: Lacking enough savings to pay basic expenses for 3 months, where household income is cut by job loss, medical emergency, or other crisis. “Liquid Asset Poor”: Lacking enough savings to pay basic expenses for 3 months, where household income is cut by job loss, medical emergency, or other crisis. 8 SOURCE: 2014 Assets & Opportunity Scorecard, Census Bureau, Survey of Income and Program Participation (SIPP), 2008 Panel, Wave 10, for US and States (excluding AK, DC, SD, WY).