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The Cost of Residents’ Financial Insecurity to City Budgets: What Do We Know, and What Can Cities Do?

The Urban Institute, Cities for Financial Empowerment Fund, CFED, National League of Cities, and PolicyLink hosted a webinar to learn new findings about the costs of financially insecure families for the budgets of 10 cities and the local-level solutions that help move residents toward more secure financial health.

Previous Urban Institute research has shown that families with even a small amount of readily available savings are less likely to be evicted, miss a housing or utility payment, or receive public benefits when income disruptions occur. The webinar summarized findings from 10 cities (Chicago, Columbus, Dallas, Houston, Los Angeles, Miami, New Orleans, New York City, San Francisco, and Seattle), highlighting the costs of eviction and unpaid property tax and utility bills among financially insecure residents or households with less than $2,000 in savings. Panelists discussed local-level programs in various cities that address financial insecurity, noting both the successes and challenges moving cities and their residents toward greater financial security. Finally, the panel took questions from participants.

Welcome remarks 

  • Diana Elliott, senior research associate, Urban Institute
  • Colleen Briggs, director, community innovation, JPMorgan Chase 
Panel discussion

  • Alexandra Bastien, senior associate, PolicyLink
  • Heidi Goldberg, director, economic opportunity and financial empowerment, National League of Cities 
  • Tamara Lindsay, principal, Cities for Financial Empowerment Fund 
  • Solana Rice, director, state and local policy, CFED
event materials ​

Support for this event has been provided by JPMorgan Chase. 
For more information on our funding principles, go to
Registration is required to attend the webinar. Send any questions or inquiries to


Date & Time Thursday, February 9, 2017

  • Senior Fellow, Research