Financial Management Outcomes
In order to make big gains in today's economy, savings and banking assets are crucial.
Financial management outcomes
- 73% of adult participants have bank accounts.
In comparison, nationally only 26% of female headed families with children living in extreme poverty (below 50% of the federal poverty line) have bank accounts. {“Asset Poverty and Debt Among Families with Children”, National Center for Children in Poverty, February 2010.}
79% of participants enrolled in the Matched Savings Opportunity, an initiative designed to encourage thinking about and growing participants’ savings, successfully completed the program and earned an incentive match.
CFO program participants have saved a total of $67,271 into their Individual Development Accounts. Their savings will be matched by EMPath at program completion.