Olivia Calderon: All Related Content

The recession is taking its toll on working families. Millions are living in asset poverty, meaning they don’t have enough savings to survive for three months if they were to lose their job, or suffer a medical emergency. Wealth inequality is at historic highs, jobs are less secure, and family incomes are increasingly volatile. Amidst all of these challenges, there is positive news from the legislative front that will empower California’s families.

LOS ANGELES – Recognizing the need to assist Los Angeles residents struggling with medical debt, healthcare practitioners today joined financial services providers and community groups to discuss how best to implement the Affordable Care Act in Los Angeles and strategies for keeping Angelenos out of debt. Speakers also highlighted options for those plagued by medical debt.

LOS ANGELES - The Select Committee on Financial Empowerment convened yesterday in Bell Gardens to discuss strategies to help working families thrive during tough economic times. This is the first time at the state level, that a legislative committee has focused on exploring the broad public policy and legislative opportunities to expand savings, and asset ownership in California.

Sacramento--The New America Foundation's California Asset Building Program has released its 2011 Bipartisan Legislative Agenda. The Agenda lays out both innovative and tested policies to help Californians exit poverty and gain control over their financial future.

SACRAMENTO - The California Legislature today took a historic first step toward becoming a positive force that will help rebuild and protect wealth for all Californians. For the first time at the state level, a bipartisan legislative Select Committee on Financial Empowerment will explore the broad public policy and legislative opportunities to expand savings, and asset ownership in California.

... “We applaud the IRS for taking a proactive approach to help Californians claim their EITC refund,” said NAF California legislative director Olivia Calderon. “This credit helps families as well as ...

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SACRAMENTO -- More than 46,000 California workers who may have missed out on a significant federal tax credit - and local economies that may be losing the stimulus effect of workers spending those credits - are getting a boost from the Internal Revenue Service this November. The IRS is mailing notices to targeted filers this week and next week as part of a special outreach project in California to encourage more families to claim their Earned Income Tax Credit (EITC), which the New America Foundation found stimulates local economies but suffers from low claim rates in the state.

SACRAMENTO- Bipartisan support from the California legislature yesterday sent asset building measures AB 2457 (Salas), the Financial Literacy Fund Bill and, AB 2581 (Bradford), the Banking Development Districts bill, to the Governor's desk.

SACRAMENTO, CA - With the introduction Friday of the Automatic IRA Act of 2010, Congress has joined the effort to address the retirement security crisis spearheaded at the state level in California, by making retirement saving easy and automatic through payroll deduction.

SACRAMENTO- In a double victory for all Californians seeking financial security, the Assembly yesterday passed two bills that would increase access to banking services and financial education.

The two measures provide important tools for fighting foreclosures, debt, the perpetuation of poverty, and wider economic stagnation.

SACRAMENTO- With the leadership of policymakers, state agencies, and the sponsorship of the New American Foundation, two bills that would increase equal access to sound financial resources were passed by the Assembly Committee on Banking and Finance this week, moving Californians two steps closer to increased financial empowerment.

Olivia Calderon with the New America Foundation - a non partisan public policy institute- says about 800000 California residents will fail to claim the tax ...