On Wednesday January 30, the Corporation for Enterprise
Development (CFED) will release new data and analysis on the growing number of
Americans who are unable to save for emergencies or put aside money to invest
in longer-term assets, such as home, college, or retirement. To accompany the
national CFED Scorecard release, Catalyst Miami will provide free tax
preparation for South Florida residents during its Prosperity Campaign Kick-Off
scheduled from 2:30 to 5p.m. South Florida residents will have the opportunity
to meet with an IRS-Certified tax preparer, receive financial services, and learn
more about Florida’s national ranking on financial stability. Visitors to the
Catalyst Miami office will also have the opportunity to join in the national
release of the Assets and Opportunity Scorecard webinar presented by
leading CFED experts (1-2p.m. EST).
The 2013 Assets and Opportunity Scorecard explores the
financial security of residents in all 50 states and the District of Columbia
and assesses policies that are helping residents build and protect assets
across five issue areas: Financial Assets & Income, Businesses & Jobs,
Housing & Housing & Homeownership, Health Care and Education. Published
annually, the Scorecard offers the most comprehensive look available at
Americans’ ability to save and build wealth, fend off poverty and create a more
prosperous future.
This year’s report will offer critical new data on the
growing number of families who are “liquid asset poor,” meaning they lack
adequate savings to cover to basic expenses at the federal poverty level for
just three months if they suffer a loss of stable income. The report will also
examine racial disparities in asset poverty, comparing savings and assets,
median net worth and homeownership rates among white households and households
of color.
The state of Florida fares far below other states ranking 47th
overall in the country for overall financial stability among its residents. The
impact of low-wage earnings and limited savings is harsh in the state and particularly
devastating to individuals in Miami-Dade County. “The impact is even greater in
Miami-Dade where language and cultural barriers have led to exploitation of
vulnerable populations and lack of awareness about available programs,”
explains Daniella Levine, CEO of Catalyst Miami. “Our Prosperity Campaign
lessens those barriers, but much more needs to be done.”
WHAT: Release of 2013 Assets& Opportunity
Scorecard and Kick-Off of 2013 Prosperity Campaign Free Tax PreparationWHEN: Wednesday, January 30, 2013, 1-2 p.m. EST, Scorecard Release | 2:30-5p.m EST, Posperity Campaign Kick-Off
WHERE: Webinar from Washington, D.C. and free tax preparation presented at Catalyst Miami
1900 Biscayne Blvd, Miami, FL 33132
PRESENTERS: Andrea Lever, president of CFED; Jennifer Brooks, director of state and local policy at CFED; and Kasey Wiedrich, senior program manager, applied research, CFED, Representatives of offices of Mayor Carlos Gimenez and Miami Dade Delegation, IRS and area nonprofits
To schedule an appointment for free tax preparation at
Catalyst Miami, call 305-576-5001 x48.
Appointments are encouraged though walk-ins are welcome on a first-come
first-serve basis. All Scorecard information and data will be available
January 30 at scorecard.cfed.org.
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CFED empowers low- and moderate-income
households to build and preserve assets by advancing policies and programs that
help them achieve the American Dream, including buying a home, pursuing higher
education, starting a business and saving for the future. As a leading source
for data about household financial security and policy solutions, CFED
understands what families need to succeed. We promote programs on the ground
and invest in social enterprises that create pathways to financial security and
opportunity for millions of people. Established in 1979 as the Corporation for
Enterprise Development, CFED works nationally and internationally through its
offices in Washington, DC; Durham, North Carolina; and San Francisco,
California.
Catalyst
Miami, formerly the Human Services
Coalition (HSC), identifies and launches innovative strategies to help people
and communities thrive and to create a more equitable and caring society. We
work through a network of partner organizations, linking people with financial
education, healthcare information, public benefits and educational and economic
opportunities. Our programs promote economic self-sufficiency,
participation in civic life, organizational strength, and respect across many
divides. We inspire people to get involved and prepare them to step up to
leadership roles that lead to long-term community transformation.