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The California Public Banking Option Act, or BankCal, is an initiative to establish a public bank in California with basic consumer banking services, such as checking and savings. The bill builds upon programs such as CalSavers and CalKids, which aim to address the racial wealth gap in the state, by helping all Californians have access…
In response to housing insecurity potentially leading to an increase in COVID-19 cases, the CDC issued a nationwide temporary halt in evictions through June 30, 2021. In mid-September 2020, we asked over 500 members if they thought enough was being done to protect people from eviction or foreclosure. We found a large difference between the…
In our latest research, we discovered that having as little in savings as $250 made a huge difference in helping people keep the lights on, stay in their homes, and avoid taking on high-cost debt. We all want to aim for 3-6 months of savings but right now at least saving $250 may still help.…
From toilet paper shortages to long lines outside grocery stores, 2020 was a tough year to budget for food. If your grocery spending was higher than usual, you’re not alone. The 2020 monthly average was 24% higher than the 2019 monthly average R...
Parents of remote-schooled children are earning less money and facing increased expenses while being forced to make impossible choices between work and family. Low-income families were battling poverty and inequality, and the COVID-19 pandemic has ...