Coming this Fall: The Changing Nature of Work and Income: How Philanthropy Can Respond to Support Low Income Families
Four in ten individuals saw more than a 30% month-to-month fluctuation in income between 2012 and 2014, according to the JP Morgan Chase Institute.
Traditionally, grantmakers have focused on workforce development and upskilling as part of economic mobility strategies for low-wage workers. However, as work has evolved and more employers shift risk onto employees introducing insecurity and volatile income flows, it is critical to understand the impact of these changes on income – predictability, variability, and frequency – and how this affects the opportunity for mobility.
Asset Funders Network's upcoming paper, to be released in November 2017, along with a national webinar, The Changing Nature of Work and Income: How Philanthropy Can Respond to Support Low Income Families, will help grantmakers understand the enormous challenge income volatility presents in our country and present an array of strategies for philanthropy to leverage both investments and leadership to empower families to protect themselves from volatility’s worst effects.►