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Is Cash Finally Having its Moment?

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  • AFN is glad to provide you the latest in funding strategies and best practices, and at no charge. In exchange, we need to know who you are! It helps us immensely as we gauge the need and interest in what we provide.
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Magnolia Mother's Trust Info
Magnolia Mother's Trust Pilot Info
Accelerating Equity and Justice
SEED Key Findings
Economic Security Project Factsheet

The pandemic has caused seismic shifts in unemployment levels and promises to change how we live and work well into the future. With almost 40% of American adults not able to cover a $400 emergency with cash or savings, unemployed individuals are left with little options.

The response by hundreds of community based direct cash assistance programs were a temporary panacea. What is needed is a radical reexamination of the potential for longer-term guaranteed cash income. In recent years guaranteed income initiatives such as Universal Basic Income (UBI) have garnered national attention. While temporary cash assistance is having a moment we need to ask ourselves, CAN it be sustained and SHOULD it be sustained as a longer-term solution to addressing economic security?

On July 28, 2020, we heard from two of the longest US based guaranteed cash income pilots about what they have learned through their initiatives including:

  • How people are using the cash
  • Implications for employment
  • How guaranteed cash income can be used to address issues of equity

Learn More

Cash Transfers in the U.S. are Exploding: Here’s How to Make them Effective, During COVID-19 and Beyond

 

This set of three publications from the Aspen Institute explores how direct investments via cash infusions and transfers boost individual and family financial well-being.

Guaranteed Income and Other Cash Infusions: A Review of Evidence
Guaranteed Income and Other Cash Infusions: Lessons from LIFT and Family Independence Initiative
Guaranteed Income and Other Cash Infusions: Opportunities for Scale
Date: 2020
Topic: Financial Well-being

The Latest

News

Mayors of 11 U.S. Cities Join Coalition To Test Universal Basic Income

Elevated Issue, News from the Field  July 20, 2020
Resource
Brief Cover

A Framework for Measuring Financial Resilience Outcomes

Brief  2021
News

FINRA’s New Research on Financial Empowerment Savings & Small Employer-Loans

News from the Field  January 7, 2021

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