Financial Management Solutions - Nebraska Investment Finance 财务管理解决方案-内布拉斯加投资金融.ppt

How Financial Issues Affect HousingOpportunities Julie Kalkowski Financial Hope Collaborative Creighton University Maggie Kalkowski International Center of the Heartland Refugee Services Lutheran Family Services Recent Headlines Wrong to prey on military families (OWH, September 2010) Record number of foreclosures for 2010 third quarter. (NPR, 2010) Many bankruptcies linked to health costs, report says (OWH, February 3, 2005) Urge for quick cash cuts into refunds for low-income filers (OWH, March 18, 2005) Report details health, wealth gap for blacks (OWH, April 6, 2005) The “Unbanked” 20% of US Households are unbanked (Federal Reserve Bank, 2010) 83% of unbanked families earn less than $25,000 annually (Carr and Schuetz, 2004) 25% of African American and Hispanic families are unbanked (Carr and Schuetz, 2004) 30-40 million US households are either unbanked or subprime credit consumers (Weissbourd, 2002) The “Unbanked” Latino population totals 13% of US population and has an estimated purchasing power of $600 billion dollars yet 36% (including 56% of immigrants) is estimated to be unbanked (Aizcorbe, Kennickell Moore, 2003) Visa U.S.A. estimates that payroll checks worth $500 billion are issued each year to un-banked employees (Seidman Tescher, 2004) Low income families spend 5% of their annual net income on basic financial transactions. (Federal Reserve Bank, 2010) Credit Card problems Approximately 50% of US households are living paycheck to paycheck. (Center for Financial Services Innovation, 2010) Average household credit card debt in the U.S. in 2004 was $8,400 (Consumer Credit Counseling Services) In 2004 Americans paid $14.8 billion in credit card penalty fees alone (Hightower Frazer, 2005) Financial Education Issues This year more Americans will file for bankruptcy than will graduate from college (Wallwork Winik, 2005) Research suggest that 15-20% of employees have financial problems severe enough to n