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The Financial Well-Being of Detroit Residents: What Do We Know?

Fri Jan 22, 2021 @ 1:30 pm - 3:00 pm

More than half of Detroiters are financially insecure or in financial trouble. A new report from University of Michigan’s Poverty Solutions, The Financial Well-Being of Detroit Residents: What Do We Know?, unpacks the reasons why. A combination of low and volatile incomes and disproportionately high costs makes it challenging for tens of thousands of Detroiters to maintain consistently positive cash flow and build savings, leading many households to accrue unmanageable debt and suffer low credit scores. 

Join us for a live convening to discuss the study on Friday, Jan. 22, from 1:30 to 3 p.m., co-hosted by United Way for Southeastern Michigan and University of Michigan’s Poverty Solutions. The virtual event will present key findings from the report and kick off a series of community conversations around opportunities for action to address the underlying conditions that create financial instability and hardship for so many Detroiters. 

In this event and the community conversations that will follow, we are seeking to engage a broad range of stakeholders – frontline staff, agency leaders, academics, financial institutions, policymakers, funders, individuals with lived experience of financial hardship, and general members of the community. Please join us. 

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