||RECENT DCWP NEWS:
DCWP Protects Back-to-School Shoppers
While this school year will be different in order to comply with COVID-19 health and safety guidelines, back-to-school shopping may still be a major expense for families. DCWP issued shopping tips to help families save money and make smart financial decisions. Read tips in multiple languages at on.nyc.gov/3aGS94d.
DCWP Releases Report Highlighting Major Factor in Racial Wealth Gap
DCWP released a report titled “Unequal Burden: Black Borrowers and the Student Loan Debt Crisis”, which explores inequities in borrowing and the connections to the racial wealth gap, school quality and outcomes, and difficulty repaying. In New York City, the research finds that the roots of student loan debt crisis for Black borrowers is directly connected to ongoing systemic disparities going back decades. This is the second in a series of three reports about communities who are most vulnerable to student loan debt and/or are vulnerable to predatory targeting by for-profit schools—the first report being on veterans. New Yorkers who need help navigating loan repayment options, are struggling with debt, or plan to take out future student loans can make an appointment for free, one-on-one financial counseling by phone at an NYC Financial Empowerment Center. Learn more at nyc.gov/TalkMoney.
DCWP Urges You to Fill Out the Census
The deadline to complete the 2020 Census is September 30 and it is critical that all New Yorkers are counted. New York City stands to lose billions of dollars in federal aid every single year for schools, hospitals, health clinics, affordable housing, transportation, and more, as well as our representation in Congress and in Albany if we do not achieve a complete count. The census is easy, safe, and confidential. It is just 10 simple questions that can be answered in under 10 minutes either online or by phone. All responses are completely confidential and cannot be shared with anyone. There are no questions about immigration, citizenship, criminal history, or income. Go to my2020census.gov to complete your census today.
DCWP Releases Report on Community Wealth Building
DCWP released a report titled, “Municipal Policies for Community Wealth Building,” which surveys community wealth building strategies that 15 cities and regions in the U.S. and around the world are undertaking to strengthen the economic and financial health of their communities—and how powerful those approaches can be. These strategies are particularly applicable now as the city—and the country and the world—look to recover with a heightened sense of need for equitable systems and policies. The report also categorizes the strategies within the framework of five essential principles that are necessary for successful inclusive ownership policies and programs. Read full report.