Artwork stating 'Education Destroys Barriers', 'We Demand Treatment', and 'I Need A Chance'

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  • Fewer Illinois residents using payday lenders after state capped interest rates

    The Predatory Loan Prevention Act caps loan interest rates at 36%, including all fees. Before the Act passed, rates were extremely high, including 297% for payday loans and 178% for auto-title loans. The Illinois Legislative Black Caucus pushed for the Act to pass in an effort to close the racial wealth gap and address socioeconomic disparities, as these high-interest rates historically affected minority groups.

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  • Empowering Black Farmers and Landowners With Solar Energy

    The renewable energy company EnerWealth Solutions is helping Black farmers in the Carolinas install solar panels among their crops so they can benefit financially from the solar boom with a consistent stream of income.

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  • Can Baby Bonds Deliver on Promise to Close Rhode Island's Wealth Gap?

    Connecticut and several other East Coast states are implementing baby bond programs to help children in low-income families generate wealth. The programs create trust funds for babies born into families on public health insurance that are managed by the state until they turn 18.

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  • Minneapolis solar nonprofit is proving patience can bring results to lower-income residents

    The nonprofit Solstar provides free solar panels to lower-income homeowners in Minneapolis by encouraging wealthy individuals to invest in its solar panel installations and cover the costs. The investors earn a modest return on their investment from Solstar and can take advantage of tax credits, while the homeowners see a drop in their electricity bills.

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  • Free Bus Passes Are Giving Indian Women More Financial Freedom

    States across India are providing free bus passes for women so they can afford to join the workforce and have more financial independence.

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  • How WhatsApp provides financial lifelines to Nigerian women

    Groups of women in Nigeria are forming rotating savings programs on WhatsApp because formal banking is often inaccessible. Essentially operating like an informal credit union, each member of the group gives an equal amount to a chosen admin, and a payout is given to a different member every month based on need.

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  • How Guaranteed Income Is Helping Black Women Battle Gentrification

    The Georgia Resilience and Opportunity Fund’s In Her Hands initiative provides monthly stipends to Black women with no strings attached, to help them combat poverty. Payments average $850 dollars per month and recipients have full control over how it is spen.

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  • CT agencies help clients find job opportunities, build self-sufficiency

    The nonprofit Person to Person offers its clients a Financial Opportunity Center program alongside other support services like providing food and clothing. Those enrolled in the program are paired with caseworkers who help them with activities like career training, managing their finances, and accessing income support after meeting their basic needs.

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  • The Guaranteed Income Program That's Helping Black Moms – and Trying to Change the World

    In Jackson, Mississippi, the nonprofit-run Magnolia Mother’s Trust is a guaranteed income program providing a no-strings-attached monthly stipend of $1,000 to Black mothers living in affordable housing to help them combat poverty.

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  • More cities are offering no-strings-attached cash to residents. Here's what Philly can learn.

    Funded by a philanthropic donation and funds raised by the city, a guaranteed income program in Durham, North Carolina, provided people who were formerly incarcerated with a monthly stipend of $600. The no-strings-attached payments are meant to decrease recidivism by helping recipients meet their needs.

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