Financially stable individuals are better able to care for themselves and their families. Income may affect a person’s ability to afford educational experiences and cultural experiences, to finish high school and to continue education beyond high school. A good education is important to be competitive in the job market. People with higher earning power in their working years are more likely to have the ability to save for emergencies and retirement. Income also affects people’s health. People are better able to purchase and eat nutritious food, engage in physical activities and have health care.
Intended Results for Financial Stability:
- Lower-income working families move toward financial independence
- Working families increase their income
- Lower-income working families have savings or checking accounts and money saved for emergencies
- Lower-income working families build appreciable assets