For past Conference and Peer Learning materials go here
For Regional Meeting materials, go here
For past newsletters go here.
2018 – A Year For Savings
We know two important facts about personal savings -- one, it can mean the difference between surviving a financial shock or not, and two, very few Americans have enough emergency savings to last them a month in the event of a crisis. This is particularly true of low-income individuals and families. While we hope to assist our clients with long-term financial planning and goals, the peer learning committee recognizes that helping our community build any kind of emergency savings is an essential first step towards greater financial stability.
For that reason, we are focusing our efforts in 2018 on how all organizations can work together toward the goal of savings. The CT ABC is already integrating partners who target different areas of need among low-income residents. Although as organizations we may train our sights on food access, housing, financial literacy, employment, transportation, heat assistance, and other social determinants, our clients experience all of these issues at once. Therefore, it is incumbent upon us to join forces with a singular purpose and what better goal than to help individuals through our areas of expertise and in partnership to build an emergency savings fund. This year, peer learning seeks to start a dialogue between agencies to investigate what is within each of our power to help people save.
Our first Peer Learning event will take place on Wednesday February 21, 2018 from 10am - 12pm at CT Food Bank Community Room, 2 Research Pkwy Wallingford, CT.
The topic of our first event in the Savings Series is “Why Savings?”
Savings in America and in Low Income Communities – Dave Hinchey, Credit Union League of Connecticut
An environmental scan of savings data in the US and the societal costs of families with too little savings.
The Cost of Being Poor – TBD , Connecticut Association for Human Services
How a lack of savings and poor financial circumstances creates a vicious cycle of higher costs and inferior products and services
What Can We Bring to the Table (Group Discussion)– Michelle McCabe, Director of The Center for Food Equity and Economic Development.
What can a diverse group of community organizations, financial institutions, governmental agencies and advocates bring individually and collectively to the challenge of creating greater household savings?
Next Steps / Further Discussion
To RSVP go here
For steering committee meetings, peer learning sessions and regional meetings - please go to the Events page.
CABC is planning to host one or two peer learning sessions in the first half of 2018 and is planning a regional meeting for Greater Waterbury/Danbury potentially for late May. For more information, come back to the website, or sign up for our emails and/or social media posts.
Engage with CABC on Social Media
This step onto the social media scene will increase awareness of the many asset building resources available and the profound impact they have, especially for low-income families.
- Follow CABC on Facebook and Twitter
- Share the page with your friends and colleagues to encourage them to follow us
- Tell us what we should be sharing by sending information to email@example.com
Collaborative Member Events
America Saves and Connecticut Saves Campaigns
Connecticut Saves Week February 26th through March 3rd, 2018!
America Saves Week and Connecticut Saves Week bring together diverse groups to encourage and support Americans and Connecticut citizens to save effectively. America Saves and the American Savings Education Council provide participating organizations with useful savings tools and resources ranging from engaging contests, to social media posts and graphics, to sample presentations and activities. The website for the general public is www.AmericaSaves.org. Your organization can also sign up at www.americasavesweek.org as a partner to receive information and officially participate in the national campaign. We also encourage you to indicate your interest in connecting with our local Connecticut Saves so that you can learn about our activities and become more involved. You can also visit our website at www.ConnecticutSaves.org.
America Saves is a campaign coordinated by the nonprofit Consumer Federation of America (CFA) and is dedicated to helping individuals save money, reduce debt, and build wealth. Connecticut Saves is the local campaign for our state and is coordinated by the UConn Extension Financial Education Program in partnership with nonprofit, government, academic, and business organizations.
Like our Facebook account @CTSaves and follow our Twitter account @CTSavesCampaign.
To post information about your organization's asset building event - send it to: CTAssetBuilding@gmail.com.
Policy and Program News
The Connecticut Scorecard --- Prosperity_Now_scorecard_PDF.pdf
Click the link above to access the recording and slide deck from the scorecard national launch webinar.
Although the Scorecard equips us with the data we need to understand the scope of the problem we're trying to solve, we can't identify solutions without hearing from you. For this reason, we've designed a series of Virtual Regional Listening & Strategy Sessions. Kicking off next week, these sessions will give you the opportunity to share your experiences, articulate the challenges facing the people you serve, and learn from your peers about strategies that clear pathways to financial stability, wealth and prosperity for everyone in your local community.
Northeast | February 13, 2:30 pm EST | Moderator: Haidee Cabusora, The Financial Clinic This region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island & Vermont.
Finally, if you're committed to joining us in our quest to enable economic mobility, there are more ways for you to take action! You can spread the word to your friends and colleagues using our 2018 Scorecard toolkit, and you can chip in with a small donation to keep the Scorecard free for thousands of advocates and decision-makers who use it to ensure that all families can thrive.
The change we envision is massive, and we can't achieve it alone. From all of us at Prosperity Now, thank you for all you do to raise your voice on behalf of your community.
What is Asset Building?
The Collaborative's members do work in the following areas:
Entrepreneurship and Business Development
Financial Access and Products
Financial Education/Coaching/ Credit Counseling
Housing Assistance and Homeownership
Jobs and Workforce Development
Savings for Adults and Children, IDAs
Tax Assistance and Credits (VITA)