Pathways to Financial Success

Summary

Using three Center for Working Family sites, this study looks at the financial growth made by CWF families from initial intake through a follow up survey about a year later. The report includes financial background information followed by a description of study participants. The remainder of the report analyzes study findings to see if families are better off. 

Table of Contents

• Table of Contents
• Introduction
• Impact
• Participants
• Non-financial Impacts
• Summary and Conclusions
• Appendix

Key Takeaway

Having a job is the key to all other financial success and employment was illusive during the 2008 Recession

Financial progress cannot be attained without employment. Without jobs, all other financial goals – from improving credit scores to saving money or buying a house – are virtually impossible to achieve. The scarcity of jobs hit low-income workers the hardest during the 2008 recession. Studies show that workers with the lowest incomes–household incomes of under $12,500 and those with incomes from $12,500 to $20,000 – have the highest unemployment rates.