Credit scores make a big difference in access to loans, insurance and other products - and their costs. New approaches to developing credit scores using alternative data, and their impacts, are explored in this brief from @KansasCityFed.
#assetbuilding#FinancialLiteracy
What could help more consumers gain access to credit?
Supplementing traditional credit reports with alternative data is one potential approach.
Here's a look at the benefits and concerns with non-traditional credit data: https://t.co/h7dJeJanjY
#Finance#Payments
We're searching for passionate community development leaders to join our Community Development Advisory Council.
All sectors welcome, especially digital inclusion, childcare, philanthropy & bank CRA officers.
Apply before Sep. 30: https://t.co/eczO65czdM
You thought rural electrification in the ‘30s or the Federal highway system in the ‘50s were game changers? Wait until we see the impact of new #broadband initiatives! Get in the game with these @KansasCityFed resources.
Disasters and emergencies come in all types and too often - the @KansasCityFed’s Plan.Prepare.Prevail resources provide tools to respond. Check out this article on how to put them to use.
Learn how our Investment Connection program, which matches community development organizations with funders, is helping communities take action on emergency preparedness and energy efficiency.
https://t.co/2CP6Q7bBsS
#CommDev#CommunityInvestment
#Immigration matters for many reasons, and this new research from the @KansasCityFed helps tease out interactions in labor markets. Useful insights in a time of strong demand for workers.
#Immigration to the United States declined from 2016 to 2021, exacerbating labor shortages.
Our Economist Elior Cohen analyzed online job postings during this period to understand how labor markets responded. https://t.co/AHTZMRHPPn
#EconTwitter#Employment
Public benefits can help bring more workers into jobs, stabilize their employment and increase productivity- if they are structured and implemented well. This @FedCommunities video shows how workers, employers and policymakers can make it happen.
One bill recently signed into law in Maine helps support people as they try to overcome #benefitscliffs. The bill offers low-income parents a 12-month extension of their established MaineCare benefits when their income starts to increase. Find out more: https://t.co/pACL9nfYfM
Public benefits are crucial in getting people on their feet - but they often fall short in providing the support and continuity needed. See ways they can be strengthened- by recipients, employers and policymakers- in this @FedCommunities video.
#benefitscliffs#workforcedev
"The program wasn’t set up in a way that I could go and try to get that employment," a common sentiment amongst many people receiving public assistance or benefits. Get to know Kandie, and find out how Maine’s approach to the #benefitscliff is fairing. https://t.co/pACL9nfYfM
Whitney Hansen has a row-crop farm in Colorado and a cattle ranch in Oklahoma. Crop insurance is one way she mitigates risk. Hay hoarding is another.
#Ag producers share how they're navigating the changing geography of #agriculture here: https://t.co/bGNe4UTa3N
‘Plan, Prepare, Prevail.’ - good advice with great resources from the @KansasCityFed to back it up. Check out these stories of building disaster readiness and community resilience.
Learn how our Investment Connection program, which matches community development organizations with funders, is helping communities take action on emergency preparedness and energy efficiency.
https://t.co/2CP6Q7bBsS
#CommDev#CommunityInvestment
Financial empowerment is real in Tulsa! Great discussion with the @cityoftulsagov Financial Empowerment stakeholders about public benefits, employment and economic mobility. The @AtlantaFed’s CLIFF Tool is getting a workout!
https://t.co/pVy8NZL2ha…
#workforcedev@KansasCityFed
On this day in 1930, Gandhi took the first step of the Salt March, a 240 mile hike towards India’s independence and template for nonviolent action. I hope you find something new in this story as you continue your march towards #development and #justice.
https://t.co/pPODMXRMKU
Agreed! One reason I like the @AtlantaFed's CLIFF tool to inform personalized career and benefits counseling. It provides a new way of mapping out the issues. #InvestInWork
@Results4America@WorkingNation This. Even when services are available, communicating with workers/students to connect them to services involves sometimes explaining byzantine pathways #InvestInWork
The #KCFed is partnering with workforce organizations to strengthen career counseling through the @AtlantaFed’s CLIFF dashboard to address how public benefits can provide an on-ramp to career mobility and self-sufficiency. #InvestInWork