A Local and National Perspective on the State of the Asset-Building FieldAndrea Levere, President, CFED2012 Hawai’i Family Financial Empowerment Symposium

What Hawai`i Brings to the Assets Field

www.cfed.org@CFEDNews

www.cfed.org@CFEDNews

Hawai`i Framework Modifications

Start from a values base and cultural context• Cultural, environmental & community sustainability

• Build genuine wealth through the concept of “enrichment” as expressed in the name of Ho’owaiwai Network

• Amend the framework by adding the imperative to “Share it”

• Aim to engage in rigorous policy advocacy, practice innovation, and evaluation at meaningful scale

How far you have come

www.cfed.org@CFEDNews

State of the Movement

Consistency of focus: creating the “mindset of asset-building”

Creation of increasingly diverse, growing networks at the state and county levels

Frame an ambitious policy agendaDesign and delivery of both “low-hanging”

and cutting edge products and services

www.cfed.org@CFEDNews

Consider these numbers

Lowest level of Liquid Asset Poverty in the nation at 23 % (compared to 43%

for the US)

Yet…

Ranked 51st in both Average Annual Pay and Affordability of Homes

Leading us into the future

www.cfed.org@CFEDNews

Scaling impact at home and abroad

Embed and integrate: expand the “super-vitamin” approach

Big policy: eliminate asset limits at home and advocate for a universal savings incentive abroad

New business models: create new routes to financial sustainability

Parents will do for their children what they won’t do for themselves: from CSAs to financial inclusion

www.cfed.org@CFEDNews

Leading us into the Future: Children’s Savings Accounts

Creating a culture of savingsover the lifetime bystarting early with anaccount and financial education.

Register Today!The 2012 Assets Learning Conference:

Ideas Into ActionSeptember 19-21, 2012

Marriott Wardman Park Hotel, Washington, DC.

Visit: www.assetsconference.org