Building Economic Security in America's Cities

New Municipal Strategies for Asset Building and Financial Empowerment

Posted January 1, 2011
By Corporation for Enterprise Development
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Building Economic Security


In 2008, the mayors of New York City and San Francisco together founded the Cities for Financial Empowerment (CFE) Coalition to collaborate on strategies for helping families in their cities pursue and attain financial stability.This report details the efforts of CFE, which now includes eleven municipalities, to develop innovative approaches and leverage the power of local governments to effect positive change for their citizens.

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Key Takeaway

Champion, Persuader, Connector, Advocate: The Role of Cities in Financial Empowerment

To achieve financial stability, families across America need financial education, access to affordable financial products and services, incentives to save, and consumer protection. The Cities for Financial Empowerment (CFE) Coalition believes local governments can and should take a broader role in developing strategies to solve this issue, leveraging their power to help move their citizens toward a path for lasting financial security.