Family Finance Newsletter

"Family Finance: Stregthening the family through finance" is the quarterly newsletter of the Family Economic Success Policy Resource Center.

In this Issue:

In this Issue:

Does Foreclosure Counseling Help Troubled Homeowners?
Early results from the evaluation of the National Foreclosure Mitigation Counseling Program
NeighborWorks America Raises Awareness about Loan Modification Scams
2011 KI DS COUNT Data Book
Representative Rashida Tlaib (MI) Goes Beyond Legislation
Results First: Helping States Achieve Better Results With Lower Costs

In this Issue:

The Jobs Recovery Plan in Illinois
Senator Mimi Walters' Pension Reform Act of 2011
Peña-Melnyk Works to Ensure Fair Wage Agreements
Looper's Legislation to Open New Job Opportunities for Former Military Servicemen and Women

In this Issue:

In this Issue:

In this Issue:

In this issue:

Property Tax Billing Legislation Brings Financial Relief To Homeowners, Local Governments
Lack Of Paid Sick Leave Hurts Families, Companies
State Legislatures Put Economic Success First This Legislative Session
Striking A Balance: Payday Lending Reform That Preserves Avenues For Credit And Protects Consumers
Gender Wage Gap Favors Men, Reduces Family Earnings
Job Evolution Conference Gives Legislators The Knowledge To Effect Change

In this issue:

Representative Laura Hall Sponsors Resolution Establishing Equal Pay Commission
Representative Keeley’s Measures to End Anticipated Tax Return Predatory Lending
Senator Sue Errington’s Creative Work on the Community Revitalization Enhancement District
Senator Vinehout’s Legislation to Improve College Student Financial Literacy
A Look Back at the 2010 Legislative Cycle Thus Far

In this issue:

In this issue:

Earned Income Tax Credit is Vital for Working-Poor Families in Rural America
Michigan’s “Foreclosure Lifeline” imposes a 90 day freeze on foreclosure proceedings
Texas Passes Workforce and Economic Development Legislation
Federal Stimulus Produces Unprecedented Wave of Unemployment Insurance Reforms: However, Additional Billions in UI Funding Still Available to Many States

In this issue:

To recommend a topic or contribute an article to Family Finance, please contact the Family Economic Success Resource Center.

Young adults pay over $3 for every dollar borrowed. (Center for Responsible Lending)
Female-headed families have the lowest family earnings among family types. On average female-headed households earn 30 percent less than their counterparts without children (U.S. Department of Commerce)
28 percent of working women who were unmarried with children had incomes below the poverty line in 2009 (U.S. Department of Commerce)
At all levels of education, women earn about 75 percent of what their male counterparts earned in 2009 (U.S. Department of Commerce)
In 2009 alone, foreclosures will cause 69.5 million nearby homes to suffer price declines averaging $7,200 per home and resulting in a $502 billion total decline in property values. (Center for Responsible Lending)
During the period 2009-2012, the Center for Responsible Lending projects that foreclosures will cost 92 million U.S. families some $1.9 trillion in lower home values--an average of $20,300 in lost wealth per household. (Center for Responsible Lending)
12 million Americans are caught in a cycle of 400 percent interest payday lending debt every year. (Center for Responsible Lending)