“I filed for disability for my daughter and of course that takes at least four to six months to even go through. So once I do that, then a lot of things will change. They will take my food stamps away so it’s like I can’t win. They give me the help with her, but at the same time they’re taking food out of my house because I have extra income, because they think that I have more because there’s more money coming in that I don’t need—my food stamps, as much as they give me, which is nowhere near true.”
Financial Literacy
Financial literacy training helps prepare individuals to make sound financial decisions when faced with multiple financial responsibilities and very limited income. In addition to training, the Urban Affairs Coalition offers financial support groups (called FAN Clubs) individuals interested in improving their money management habits, getting their finances under control, and meeting their financial goals.
Current Issue
Although financial education is a proven way of helping families stretch limited resources, it is not routinely offered to families navigating the welfare system. Pennsylvania's Department of Public Welfare could offer financial literacy training to TANF recipients and help connect them to banking and other saving opportunities.
Useful Links and Reports
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Drexel University
