Census Bureau: More Data Released Linking College Degrees and Earnings
Earnings and Employment Outcomes Following Graduation for Colorado Higher Education Institutions The U.S. Census Bureau released new data on labor market outcomes for college graduates as part of the Post-Secondary Employment Outcomes (PSEO). These new data feature public institutions from Colorado, and include certificate and associate degrees, in addition to bachelor’s and more advanced degrees….
ABA: Foundation Honors Six Banks with Community Commitment Awards
Categories range from affordable housing to economic inclusion The American Bankers Association Foundation today announced it will honor six banks with a Community Commitment Award, which is provided to institutions that have demonstrated leadership in the area of corporate social responsibility. The ABA Foundation will recognize these banks’ efforts in categories ranging from affordable housing…
Census Bureau: New Interactive Census Bureau Research Maps the Roots of Social Mobility
The U.S. Census Bureau, in collaboration with Raj Chetty and Nathan Hendren from Harvard University and John Friedman from Brown University, released new research and a mapping interface that looks at children’s outcomes in adulthood. The Opportunity Atlas estimates children’s earnings distributions, incarceration rates, and other outcomes in adulthood by parental income, race and gender…
CFPB: New Research Report on the Geography of Credit Invisibility
Creditworthy consumers can face difficulties accessing credit if they lack a credit record that is treated as “scorable” by widely used credit scoring models. These consumers include those who are “credit invisible,” meaning that they do not have a credit record maintained by one of the nationwide consumer reporting agencies (NCRAs). They also include those…
Census Bureau: Number of Women-Owned Employer Firms Increases
Women-owned employer firms in the United States increased by approximately 2.8 percent in 2016 to 1,118,863 from 1,088,466 in 2015, according to findings from the U.S. Census Bureau’s 2016 Annual Survey of Entrepreneurs. The data also shows that women owned approximately 20.0 percent (1,118,863) of all employer businesses (5,601,758) nationwide. Additionally, about one-quarter (289,326 or…
Federal Reserve: FEDS Notes | Are Income and Credit Scores Highly Correlated?
Are Income and Credit Scores Highly Correlated? Rachael Beer, Felicia Ionescu, and Geng Li1 1. Introduction Credit scores, a numerical indicator constructed to predict borrowers’ credit risk, represent a crucial element of a person’s financial life and are used extensively in loan underwriting and pricing. On average, consumers with higher credit scores tend to have…
Census Bureau: Computer and Internet Use in the United States
The report titled “Computer and Internet Use in the United States: 2016” looks at access to computers and broadband internet subscriptions nationwide. Differences can be seen by demographic, social and geographic characteristics across the digital divide between those who have and those who lack access to computers and the internet. This report examines key trends…
HUD: $14 Million Awarded to Help Low-Income Public Housing Residents Secure Higher Paying Jobs
Jobs Plus grants to help families achieve financial self-sufficiency WASHINGTON – To help low-income public housing residents increase their income and move toward self-sufficiency, the U.S. Department of Housing and Urban Development (HUD) today awarded $14 million to seven Public Housing Authorities (PHAs). HUD’s Jobs Plus Initiative connects public housing residents with employment, education and…
Federal Reserve: Income Inequality, Financial Crises and Monetary Policy
Download the PDF: Income Inequality, Financial Crises, and Monetary Policy (PDF) by: Isabel Cairo and Jae W. Sim Abstract: We construct a general equilibrium model in which income inequality results in insufficient aggregate demand, deflation pressure, and excessive credit growth by allocating income to agents featuring low marginal propensity to consume, and if excessive, can lead…
Ever Wondered “What is Low- and Moderate-Income or LMI”? Here’s Your Answer.
“What is low- and moderate-income or LMI?” is one of the most common questions we hear at findCRA. Most people may have a general understanding of what it means to be low-income, but under the federal Community Reinvestment Act, defining low- and moderate-income can seem overly technical and confusing. More importantly, knowing who and what…