Making the Case: The Link between Residents’ Financial Health and Cities’ Inclusive Growth

Fact Sheet

Making the Case: The Link between Residents’ Financial Health and Cities’ Inclusive Growth

Abstract

A city’s ability to grow inclusively is tied to its residents’ financial health. When residents are financially insecure, they don’t have the same opportunity to benefit from and contribute to a city’s economic growth. To achieve inclusive growth, a city needs a fiscally sound budget that can fund city services and programs without placing undue burden on residents struggling to make ends meet; residents of all incomes who are financially stable; residents who can weather shocks (e.g., job loss, natural disasters, or a housing market crash); and a diverse group of engaged, empowered, and civically involved residents from all parts of the city.

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