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.