This report details the work of DCA's Capacity Building Initiative, which funded five nonprofit organizations to provide financial counseling to their clients who included formerly incarcerated adults, foster care youth, young adult interns, young fathers, and workforce development clients. Initial findings indicate that individuals in workforce development programs who received financial counseling achieved better outcomes than comparison group clients who did not receive financial counseling.
This report commemorates the anniversary of the implementation of New York City's Earned Sick Time Act (Paid Sick Leave Law) on April 1, 2014 and focuses on first year milestones.
The brief provides information on how many New Yorkers are unbanked and underbanked, recognizing their links to financial health. It also illustrates New Yorkers’ use of prepaid cards.
This brief, which was commissioned by the New York City Department of Consumer Affairs’ Office of Financial Empowerment, examines both sides of people's balance sheets; that is, both their savings and debt levels.
The DCA Office of Financial Empowerment commissioned RTI International to conduct this study to analyze the needs, barriers, and opportunities to increase financial inclusion through mobile financial services use. Findings show that New York City is a unique marketplace for mobile banking and money management innovation.