Numerous reports indicate that financial insecurity in North Texas is pervasive. Addressing this problem requires more than just financial education; it requires financial tools and products that empower consumers to safely and affordably manage their financial lives.
Community-based nonprofits are emerging as innovative and effective channels for “on-ramping” and engaging low income consumers that might otherwise remain disconnected from the financial mainstream. These include Community Loan Centers to replace PayDay Loan centers.
Review these materials to engage in an important conversation about the roles that philanthropy and the nonprofit sector can play in helping low income families across North Texas move from surviving to thriving.
