Vancity’s Post

As the world moves toward damage and loss funds, it will be interesting to delve into the proceedings and initiate discussions to better understand the accessibility and efficacy of these funds. I look forward to more commentaries and discussions on this topic. #disasterrecovery #disasterriskreduction #damageandlossfund #worldbank https://lnkd.in/dHg5jRcG

📈 Current Trends in Emergency Savings Emergency savings have become more vital than ever. From economic challenges to generational differences, the landscape of emergency savings is shifting. Here are some of the current trends. 💵 Recent economic changes, like inflation, have impacted U.S. adults' ability to save. 👴🏽 Differences exist between the generations, with more than 2x as many Gen Z adults lacking emergency savings compared to Baby Boomers. — Highlighting the need for financial guidance. 💳 1 in 4 U.S. adults would use a credit card for an unexpected $1,000 expense, underscoring the importance of building an emergency savings fund and avoiding debt. 💰 Only 26% of U.S. adults regularly contribute to an emergency fund. Our recent blog has tips and guidance for growing your emergency savings fund. Learn more https://bit.ly/45oY8Gb

Financial Inclusivity plays a critical role in adaptation to climate change. One of the coping strategies in the event of a crisis is access to financial resources. Access to financial resources can make a significant difference in a community's ability to withstand and recover from disasters. Accessible and affordable financial services, such as banking facilities, microfinance, and insurance, should be available to all individuals, including marginalised communities and those in remote areas. By providing financial access, we empower communities to invest in disaster-resistant infrastructure, secure insurance coverage, and build emergency savings. #financialinclusion, #financialservice4all, #buildingresilience.

Achieving financial health is essential to asset-building. Deep-seated inequalities, especially for women and people of color, make it even more elusive. To build a fair future, we must challenge the private and public systems that contribute to unequal financial barriers. AFN's members work together for a future where everyone, regardless of income, has the essential tools for financial health. Learn more about this issue area: https://lnkd.in/eb2aAUbc #Assetfundersnetwork #FinancialEquality #EquitableFuture #Grantmaking

Learn how Carver Bancorp is making an impact by reducing wealth inequality while growing and supporting our communities. Click here to discover the 'why' behind our mission: https://lnkd.in/eUdBXbjG #CommunityImpact #businessbanking #carverbank

In recent reflections on global injustices, a critical insight has emerged: addressing public fund embezzlement is key to combatting issues like wars and poverty. How can we effectively tackle this challenge? Here are some proposed steps: - Highlight the problem through media exposure. - Aid allies in blocking assets acquired dishonestly. - Establish a governing body for fair fund redistribution, focusing on supporting small businesses and educational initiatives through low-interest loans. - Foster transparency by collaborating with businesses to prevent illegal financial activities. - Impose restrictions on individuals engaging in illicit activities. - Limit control body tenure to one year to prevent misuse of power. - Enhance tax revenue tracking for increased accountability. Exploring measures targeting large transactions can be a practical starting point. Let's unite through strategic actions for a fairer society. #Justice #Equality #FinancialTransparency

Learning financial discipline and literacy empowers effective planning, preventing the burden of poverty on loved ones. Avoiding womanizing, selling for less, and imprudent investments like building an unrentable or uninhabitable house without emergency funds signifies a lack of financial discipline. #FinancialLiteracy #PlanForSuccess #AvoidBadDebt #GeorgeNWOGU 📈💰

In a recent blog, #FIFS Associate Sharon MacPherson reflected on the collective efforts needed to encourage investment, tackle the poverty premium and build a more inclusive and equitable financial future for all. Read more 👉 https://ow.ly/litx50SCbuh #financialinclusion #ficonf2024

Today, we're highlighting the impact of financial inclusion 💷 We were able to provide crucial support to Keziban, a 77 year old lady facing dementia and financial hardship. As an L&Q resident, Keziban was able to receive debt advice via Pound Advice, a programme we manage and deliver on behalf of our client L&Q, one of the UK's leading housing associations. 🤝 Pound Advice was able to identify and fix the root cause of Keziban's financial issues, relieving Keziban and her family of financial stress. Learn more about our impact in our Impact Report 2023 👉 https://bit.ly/3w7Ffvo #SocialImpact #Empowerment #FinancialInclusion #DebtAdvice

Wondering why we are bent on grassroots financial inclusion? We prioritize grassroots financial inclusion because it empowers individuals at the community level, fostering economic growth and reducing poverty. By providing access to financial services, such as savings and credit facilities, we enable people build assets, invest in businesses, and improve their overall financial well-being. We champion inclusive development and resilience within local communities. #grassroots #empowerafrica #financialinclusion #regxta #communitydevelopment Rukayat Kolawole-Bello Rukayat Kolawole-Bello