Plotting a Path to Prosperity For Our Communities

New Local Resources in the Prosperity Now Scorecard

Our zip codes shouldn’t determine our destiny. However, when you look at the local data included in the Prosperity Now Scorecard, we see that where you live makes a difference in the opportunities you have to prosper. Last week, we updated the local outcome data in Prosperity Now’s premier data and advocacy tool, the Scorecard. There’s now new data on 19 outcome measures for cities, counties, metro areas, Congressional Districts and tribal areas. In an analysis of this data, we found not only extreme differences in outcomes across cities, but that the cities with the best outcomes are all suburban, majority-White cities and the cities with the worst outcomes are former industrial cities with predominantly Black or Latino populations.

These differences aren’t primarily driven by the individual financial decisions that people make in their day to day lives, but rather by the opportunities and resources that people can access. For too many households, and particularly for communities of color, the institutions and systems that facilitate making good financial decisions are lacking or are not available at all.

The local Scorecard data is helpful for understanding the financial health of local residents and the disparities that exist by race and ethnicity with your community, but we hope that the data is just a starting point for local action. Throughout the brief, we highlight the work of local governments—including Saint Paul, MN and Washington, DC—and local nonprofits and coalitions in cities like Boston and New Orleans to improve financial stability and close gaps in opportunities within their communities. If you’d like information on how we can support taking action in your community, please contact us at policy@prosperitynow.org

What’s new in the Scorecard?

  • Updated estimates of wealth and financial access: We have released new estimates of asset and liquid asset poverty, households with zero net worth, unbanked and underbanked households for local areas, including for tribal areas for the first time.
  • Local trend data: For the first time, we have also included trend data for local outcome measures. You can see changes in outcomes over time within your community and compare that change to other places. You can create charts like the one below for Atlanta and its surrounding areas from our Reports Menu.

  • New Local Outcome Reports: You can download a report for any community included in the Scorecard that contains all of the outcome data for that place in an easily sharable pdf. In this release, we have expanded these report to include the available data disaggregated by race and ethnicity in order to make it easier to see how different populations are faring within your community and to communicate about racial economic inequality. And while we do not assess cities or other local areas on their local policies, we have also included new information on local policies and solutions to help identify ways to act on the data for your community. For municipalities, we include recommendations from our Municipal Blueprint; for tribal areas, an overview of financial empowerment strategies in Native communities; and Prosperity Now’s federal policy campaigns are for Congressional Districts.

Visit the Scorecard to find the data for your community and better understand the financial health of your residents. On the site, you can also find additional policy resources and connect with like-minded advocates, activists and service providers in your area in Prosperity Now’s Community. You can also watch the webinar about the launch of the 2019 local data or join us Wednesday, August 7 at 2:30pm ET for a Facebook Live event discussing the local Scorecard resources.

 

Related Content