Indiana Assets & Opportunity Network
Increasing Asset Acquisition for Low-Wealth Hoosiers

Network News

New Local Data Now Available in the Prosperity Now Scorecard

The Prosperity Now Scorecard, an interactive tool that provides data on the financial health of households in the United States, has been updated with localized data. This updated report provides new data at the local level, with outcomes measurements across five issue areas for cities, counties, metro areas, tribal areas and Congressional Districts.

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Kathleen Taylor
Study Highlights Importance of Financial Literacy in Young Adults

The National Endowment for Financial Education partnered with Montana State University to study the impact mandatory K-12 financial literacy education can have on a young adult’s post-secondary outcomes. The study highlighted the causal effect of state-mandated financial education as a graduation requirement. Positive outcomes included: increased likelihood that students will apply for financial aid; decreased private loan amounts for borrowers; and more.

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Kathleen Taylor
In the News: One City, Worlds Apart

Although Indianapolis has experienced dramatic growth in the past few years, many low-income families are being left behind or forgotten by traditional financial institutions, worsening an already difficult situation.

“It is so expensive to be poor,” said Kathleen Lara, Prosperity Indiana Policy Director. “The barriers are multitudes. If we’re trying to address equity and building wealth for low-income individuals, we’ve got to reduce some of the barriers that drain wealth.”

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Kathleen Taylor
Resolutions On Our Radar: Revisions to the UCCC

On May 21, the Legislative Council for the Indiana General Assembly released a resolution outlining the study topics assigned interim study committees. Although a proposed study committee focused on financial security in retirement for all Hoosiers did not get assigned to a committee, a second resolution we have been monitoring did. The resolution would open the door for revisions to the Uniform Consumer Credit Code (UCCC), a set of regulations that governs multiple forms of lending (including payday lending).

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Kathleen Taylor
Advancing Together

June. It's the time of year when we break out our neon flip flops, inflate the beach balls that have been slowly deflating in the solitary confines of our storage closets, and get sunburns we hope and pray will turn into a decent tan (friendly reminder: wear sunscreen!). However, for many Hoosiers, it's also a month to celebrate and embrace their identity.

Earlier this month, thousands of Hoosiers celebrated Pride by parading through the streets of Indianapolis with rainbow flags and apparel, expressing love for their brethren who identify as LGBTQ+. The display of support for the LGBTQ+ community was inspiring and heartwarming for me. However, many groups at the festivities brought attention to the difficulties facing the LGBTQ+ community, including high suicide ratesincreased housing instability, and violence

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Kathleen Taylor
New Report Outlines How Race Determines Well-Being in U.S. Cities

According to “Bound: How Race Shapes the Outcomes of American Cities,” a new study from Prosperity Now which uses the most recent city-level data from the Prosperity Now Scorecard, more than 80 percent of U.S. residents now living in a metropolitan area. However, the benefits of living in these densely populated areas are not shared equally, especially when it comes to the economic well-being of different racial groups. 

Researchers discovered that residential segregation remains one of the main forces driving disparity amongst racial groups

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Kathleen Taylor
Navigating the Community Reinvestment Act

Join the Indiana Assets & Opportunity Network for a webinar featuring A&O Steering Committee Member Jake Brown, Assistant Vice President and Manager, CRA at First Merchants Bank, for a discussion on getting the most out of the community reinvestment act (CRA), the changes being discussed at the federal level, and more.

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Kathleen Taylor
The Importance of Fair Housing in Asset Building

With the month of April denoted as Fair Housing Month, I found it important to note the close ties between fair housing and asset building. Homeownership is one of the key ways families build assets. In order to lead strong, stable lives, families need to be able to buy or rent stable housing, which is the fundamental purpose of the fair housing laws.

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Kathleen Taylor
Standing In Opposition to Senate Bill 613

Dear Members of the Indiana General Assembly,

The undersigned organizations ask for your support to establish a 36 percent APR cap on small loans in Indiana. These loans are currently offered at rates of up to 391 percent APR. We also ask you to reject any bills establishing new loan products or expanding the allowable fees or interest on existing loan products if they exceed this 36 percent threshold, and apply the 36 percent threshold only to small loans.  

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Kathleen Taylor
Hoosiers Reject Senate Bill 613

On March 11, Prosperity Indiana and the Indiana Assets & Opportunity Network were joined by dozens of military and veterans’ groups, faith-based organizations and churches, social service providers, community organizations, concerned citizens, and more at the Statehouse for a Reject Senate Bill 613 press conference. 

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Kathleen Taylor
Midwest Asset Building Conference 2019: Request for Presenters

The members of the Midwest Asset Building Conference Planning Committee [The Community Economic Development Association of Michigan (CEDAM), Illinois Asset Building Group, Prosperity Indiana/the Indiana Assets & Opportunity Network, Ohio CDC Association and Minnesota Asset Building Coalition] are currently seeking innovative and engaging speakers and presenters focused on asset building and financial empowerment in the Midwest.

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Kathleen Taylor