Our Goal: Improve the financial stability of low-income families and veterans in Los Angeles County
Over the past decade, job growth in L.A. County has been led by low-paying service and retail sector jobs that typically do not come with health insurance or other benefits. As a result, 15% of people in L.A. County live in poverty. That’s why we’re focused on job creation and financial education for hard-working families and individuals so they and our communities can thrive.
Our Veteran’s Initiative
According to national research, veterans have been found to be two to four times more likely to be homeless than the civilian population. Research also suggests that in addition to being one of the demographics faring the worst in the stagnant employment market, post-9/11 Veterans are becoming homeless more rapidly than their counterparts in earlier eras.
With the military drawdowns from Iraq and Afghanistan, we expect that many of the 35,000 new veterans returning to California each year will return to Los Angeles County, historically the County with the largest veteran population in the country[i] [ii]. This will likely increase unemployment among this group in our county and put many of them at risk for poverty and homelessness.
As Home for Good continues its work to end veteran homelessness in Los Angeles County by 2017, our veteran’s initiative seeks to prevent further Veteran homelessness through employment and financial stability supports. To inform our strategy and scope, United Way has commissioned the Los Angeles Economic Roundtable to provide the first in-depth research study of the employment and economic status of veterans in the County. Based on the conclusions of this study, we will implement a community-based strategy aimed at reducing veteran unemployment, poverty, and homelessness in Los Angeles County through:
When he got out of the military, he had his life all planned out, but a tough economy and skills that were only useful in the Army made it difficult for him to return to civilian life. “It was closed door after closed door, after closed door,” he recalls:
Low-Income Families in Schools
Research shows that children growing up in neighborhoods with high levels of poverty and unemployment are much less likely to graduate from high school[iii]. Financial stability supports our efforts to improve education by providing parents with information and strategies that promote effective financial decision making and positive financial habits, including:
[i] CA State Assembly Select Committee on Homelessness, 2011, http://www.asmdc.org/members/a76/issues/the-road-home/hearing-materials/item/2639-the-road-home-hearing-materials.
[iii] Neighborhood Effects in Temporal Perspective -The Impact of Long-Term Exposure to Concentrated Disadvantage on High School Graduation, 2011, Geoffrey T. Wodtke, Population Studies Center, University of Michigan.
For information about our efforts to improve the financial stability of low-income families and veterans in Los Angeles County, contact Evelyn Garcia, Financial Stability Program Officer, at 213-808-6494 or firstname.lastname@example.org.