|GOAL: Low-income families increase their household income
WHY IT MATTERS
Lower income families have little room for spending errors that deplete limited savings. Even a slight increase in income can provide hard-working families the opportunity to grow savings and avoid crisis mode which reduces the need for costly interventions.
- Since 2008, the percentage of people living at or below 100% of the federal poverty level in Marathon County has increased by 4.3%
- 18.7% of children live at or below the poverty level in Marathon County
LIFE in Marathon County 2011-2013 – Survey Results:
- 49.3% of respondents reported that in a typical month they found it difficult to cover family/household expenses and pay their bills
- 37.1% reported not having emergency or rainy day funds that would cover their expenses for 3 months, in case of sickness, job loss, economic downturn, or other emergencies
- Partner with AARP and Get Smart Wausau on an Earned Income Tax Saturday, an event that provides tax preparation assistance to low-to moderate income individuals and families
- Support the collaborative work of the Get Smart Wausau Coalition by taking a lead role in Money Smart Week, providing resources for the Money Conference and serving on the Coalition
- Fund the financial stability collaborative and financial education courses
- Six months after completing a basic budgeting course, 85% of participants are living within their budget
- 86% of individuals participating in financial education workshops reported they are likely to use what they learned
- In 2011, 0ver $100,000 in Earned Income Tax Credits were returned to our community
For more information on United Way's efforts to help low-income families, please contact JoAnn Janikowski at 715-848-2927 or email@example.com.