Kristen McGuire | Development and Communications Manager | The Financial Clinic It costs $725 to apply for citizenship. This of course does not account for the cost of legal fees, English and civics classes, or the time taken away from work to accomplish these things. For the average family of four, this feels like a […]
The life and times of the myRA program, and what to do now Andy Collado | Financial Coach | The Financial Clinic In late July, the U.S. Department of the Treasury announced their decision to discontinue the 3-year-old myRA program. According to the review conducted by the Treasury, there was “very little demand for the […]
New credit reporting standards went into effect instituting a new minimum for identifying information on public records for credit reporting.
Adam Ciminello | Executive Coordinator | The Financial Clinic Today, the Senate Majority Leader Mitch McConnell announced he was formally postponing the previously anticipated vote on a full repeal and replace of the Affordable Care Act (ACA), the signature legislation of the Obama Administration from which more than 22 million Americans gained health insurance coverage. […]
Megan Kursik, Assistant Director of Partnership Management, and Kristen McGuire, Development and Communications Associate | The Financial Clinic “The only thing to do with good advice is to pass it on. It is never of any use to oneself.” -Oscar Wilde We are so grateful to the Center for Financial Security (CFS) and Asset Funders […]
Defunding a Pathway to the American Dream Mae Watson Grote | Founder and CEO | The Financial Clinic We learned on Monday that Congress has approved a crucial government program that gives struggling low-income families the opportunity to achieve the American dream. As somebody who has spent her entire career working for economic justice and a […]
Amy Cao | Program Associate | The Financial Clinic Financial technology, dubbed FinTech for short, continues to grow rapidly as an industry, revolutionizing the landscape of financial service delivery. We are witnessing the onset of a changing tide — powered by smarter technologies — to improve the way we manage money. Indeed, leaders of America’s largest banks and disruptive […]
The Financial Clinic participated in a random control trial on the impact of financial education and coaching on household balance sheets. See the results.
WorkBOOST’s premise is very straightforward: By building financial security, we are going to amplify your programs’ workforce outcomes. And, that’s not just a theory of change. What we are trying to do is make a business case about it. As Mae [Watson Grote] referred to earlier, we are seeing early evidence of increased participation, completion rates, hourly wages going up, and fabulous work by our partners.
Karen Goodheart | Assistant Director of Financial Coaching | The Financial Clinic You may hear the Imperial March in your head when you think of tax season, but fast forward — past the hassle of collecting your paperwork, struggling to keep your heart rate low as you triple check that everything is in order — to the moment when you […]