Career Family Opportunity
A groundbreaking five-year program that has a proven track-record of helping low-income families reach the middle class and beyond.
Since 2009, participants in EMPath’s flagship Career Family Opportunity (CFO) program have achieved phenomenal outcomes. The goal of CFO is for participants to accumulate $10,000 in matched savings and secure a career that leads to a family-sustaining wage. Every participant who stays with the program for at least one year sees big financial gains.
CFO has served 115 low-income women, who have collectively saved $194,418 through the program’s IDA savings initiative. Graduates earn an average annual salary of $45,411, with a 97% employment rate (up from 65% when first signing up). Graduates have seen significant educational success—74% of participants have earned college degrees; most are on track to attain career-sustaining jobs.
From a policy perspective, CFO pays off: as family income goes up, the need for public subsidies goes down. The combined savings to the public is over $8,000 a year per family, according to a “return on investment” study by researchers at Brandeis University.
$45,411 average annual salary of CFO graduates
$20,090 annual Federal Poverty Level for a family with one parent and two children
74% of CFO participants had a college degree upon graduation
97% of CFO participants were employed upon graduation