Many of us work paycheck to paycheck, where one unexpected expense can mean financial disaster. Because Waukesha County’s poverty level is lower than the state average, those that are struggling to meet their basic needs are often overlooked. United Way fights for struggling workers by investing in our Asset Building Initiative. This initiative focuses on teaching families and individuals who are struggling to meet their basic needs the skills needed to increase income, build savings, and gain assets.
To ensure we address this issue, United Way funds strategies that:
- Provide intensive one-on-one case management to teach budgeting skills and develop short and long-term goals.
- Raise awareness of the importance of building and increasing savings and credit through financial literacy seminars, educational materials, and workshops.
- Increase employability and develop a dependable workforce utilizing career counselors and classroom training.
- Utilize learned skills to increase total income and acquire essentials, such as cars, homes, and insurance.
Of the individuals who participated in United Way-funded asset building programs:
- 97% understood how credit works.
- 98% understood the importance of saving money for the future.
- 93% understood their personal budget.