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

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IIWF Releases Brief on Equity-Focused Career Counseling

As part of its ongoing series about building an inclusive, thriving workforce, the Indiana Institute for Working Families released a policy brief focused on equity-focused career counseling. While established barriers standing in the way of marginalized communities have been dismantled, the brief highlights the forms of occupational segregation that still exist.

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Kathleen Taylor
A Heritage of Prosperity

It seems like every month has a different designation to raise awareness: for example, September is recognized as Cholesterol Education Month, International Square Dancing Month, National Cheese Month, and National Head Lice Prevention Month, to name a few. However, one awareness "month" near and dear to my heart doesn't span the course of a traditional month, choosing instead to extend from September 15 through October 15: Latinx Heritage Month.

With the name "Logan Charlesworth," I'm typically mistaken for an older Caucasian male rather than recognized as a 20-something half-white, half-Latinx woman.

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Kathleen Taylor
Celebrating Workforce Development Month

September is Workforce Development Month. I recall my first visit to the local office of Massachusetts Employment Security in 1970.  I was greeted by a pleasant man in a bow tie who riffled through a stack of index cards as he talked to me, trying to find suitable job matches for a college kid whose only work experience had been newspaper delivery and sweeping floors in high school. Several places turned me down, but my counselor was very encouraging and with his help I finally found a summer job. I will always be grateful to that kind and patient public servant whose name I do not remember but whose efforts helped me to earn the money I needed to finish school. 

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Kathleen Taylor
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