The fifty-year war on poverty has made living in poverty more tolerable but it has not made it more escapable.
Census data shows that within four years, 75% of families living below the poverty line move above it, yet 50% of these families slip back into poverty in five years.
After tracking hundreds of families over the past 15 years, the Family Independence Initiative (FII) has discovered that cycling in and out of poverty is not due to a lack of family initiative. Instead, this cycle can be traced to well-intentioned but inadequate governmental and charitable policies and practices that have:
Lack of Information
A lack of reliable information on the creative ways in which families achieve economic and social mobility
Limited access to affordable capital which fuels families’ efforts to achieve their goals and dreams
A misplaced focus on individual achievement that overlooks the power of communities to lift people into the middle class, just as communities have done for hundreds of years
All people in the United States are seen and invested in for their strengths and are able to build their social and financial assets.
We accelerate the exchange of financial and social capital in low-income communities across the nation.
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