I Am Empowered - I am the National Urban League

A recent report profiles the financial lives of low and moderate-income grandfamilies to deepen the understanding of their financial situations and help open a discussion about how organizations that offer social or financial services to grandfamily caregivers can help build financial stability and increase mobility for these multi-generational families. Citi Community Development convened Generations United and CFED to interview grandparent caregivers to gain an understanding of grandfamilies’ individual household finances, including how they earn and spend money, what financial products they use to transact and store money, what challenges they face and what strengths they draw upon. The report of their findings, The Resounding Resiliency of Grandfamilies: Financial Stories from Older Relatives Caring for Children in Lower-Income Communities shines a light on these often overlooked families and their specific challenges and will help guide solutions that can help these families grow and flourish.

Other related content on these issues:

Banking in Color: New Findings on Financial Access for Low- and Moderate-Income Communities, a study of financial access and utilization patterns in low and moderate-income communities of color with policy solutions conducted by the National Urban League, The National Council of La Raza (NCLR), and the National Coalition of Asian and Pacific American Community Development (National CAPACD).

NUL Financial Empowerment Centers are building financial capacity and changing lives