Our Work in Income (Financial Stability)
As many as one-third of working Americans do not earn enough money to meet their basic needs, often spending more than 40% of their income on housing costs alone. These individuals are walking a financial tightrope - they are barely able to get by, with no ability to save for college, a home or for retirement.
The community and family issues that stem from the economic and financial pressures facing individuals and their families are growing increasingly complex and more difficult to address. To improve financial stability, United Way is working with community partners to ensure that:
- Individuals & families have sound financial management skills. Intended result: individuals and families are stably housed.
- Affordable housing is accessible to low-income working families.
- Low income families are able to access free tax preparation assistance and apply for the Earned Income Tax Credit. Intended result: provide an opportunity for low-income working families to begin wealth-building activities, such as opening or contributing to a savings account.
Other work in financial stability (click links for more information):
Earned Income Tax Credits - an extra tax credit from the IRS for working individuals Volunteer Income Tax Assessment Program - locations in South Mississippi for low-income individuals to receive free tax prep
Familywize - a national, free prescription drug discount program
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