The Pipeline | Stable Income

Target Outcomes

Access to Fair Credit, Asset Development, Retirement Savings

Local Data

35% of local Circles leaders could not make their pay day loan payment in time to avoid penalties.¹⁰

Fallout Costs

12 million Americans are caught in a cycle of 400% interest payday lending debt every year.¹¹

Strategies

Bridges, Circles, IDA, Financial Education, Homebuyer Education

Health & Wellness

Mental Health, Substance Abuse Support, Spiritual Support

Sources:

1. Lewiston School District Kindergarten Fall IRI scores for low SES (socioeconomic status as measured by eligibility for free and reduced lunch), September 2010
2. Bridges to Sustainable Communities, Phil DeVol of aha! Process Inc. and, Scott Miller of Move the Mountain, Inc.
3. Heckman, James J. “Investing in Disadvantaged Young Children is an Economically Efficient Policy.”
4. Idaho Alliance of States, “Complete College America”, Board of Education, Idaho.
5. C. Rouse, ―Labor Market Consequences of an Inadequate Education, October 24, 2005, New York.
6. http://www.communitycollegesinusa.com/Idaho_School_Codes.html
7. High School Dropouts in America, http://www.all4ed.org/files/GraduationRates_FactSheet.pdf
8. U.S. Bureau of Labor Statistics, Public Data, November 2010
9. Compilations of Turnover Studies, SASHA Corporation, http://www/sashacorp.com/turnframe.html
10. Circles Pay Day Loan Survey, LC Valley Circles 2010
11. Center for Responsible Lending, http://www.womeningovernment.org/familysuccess/predatory
12. National Center for Health Statistics and Bureau of Census Data

Last Updated Thursday, June 30 2011 @ 04:05 PM PDT|436 Hits