Transcription of FINANCIAL NEEDS OF INSTANT ADULTS - One Voice Texas
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FINANCIAL NEEDS OF INSTANT ADULTS - One Voice Texas
FINANCIAL NEEDS OF INSTANT ADULTS : What Banks & Credit Unions Can Do to Help Youth to Transition Out of Foster Care Alliance for Economic Inclusion Youth in Foster Care Working Group Facilitated by One Voice Texas Prepared by staff at the LBJ School of Public Affairs: Christine Gendron, MPAff Senior Research Associate Liza Getsinger, Graduate Research Assistant Executive Summary: Whether guided by the Community reinvestment Act or driven by the FINANCIAL service NEEDS of member groups, banks and credit unions play a key role in creating and sustaining FINANCIAL stability and asset development in the low and moderate income (LMI) communities they serve. Youth in the foster care system are an often overlooked LMI population, but are in fact a new consumer segment. Their experiences in foster care leave them resilient, but in need of help with building assets, which are proven to enhance economic stability and increase educational attainment and civic involvement.
Executive Summary: Whether guided by the Community Reinvestment Act or driven by the financial service needs of member groups, banks and credit unions play a key role in creating and sustaining financial stability and asset development in the low and
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