In Miami, 17% of households live in poverty, but nearly four times as many (67%) are financially vulnerable. These “liquid asset poor” households do not have enough savings to live above the poverty level for just three months if they lose a job, face a medical crisis or suffer another income disruption. Communities of color fare even worse: 79% of African-American households and 74% of Hispanic households in Miami are liquid asset poor.
The inability to bounce back from financial pitfalls not only hurts Miami families, it stifles the city’s long-term economic growth.
Let’s build a prosperous Miami together.
Join us to learn more about the state of financial security in our community from the practitioners working to improve it.
RSVP at http://bit.ly/ImagineMiami1
If you have questions or concerns, call Metris Batts-Coley at 786-414-1302.
SOURCE Catalyst Miami