Although situated within two counties in one of the most affluent states in our country, United Way of Western Connecticut serves thousands of families in need. Connecticut’s high cost of living makes it difficult for working families to make ends meet.
According to a 2018 report from the Federal Reserve Board, 40% of Americans can’t cover a $400 emergency expense. In fact, 48% of Connecticut residents do not have money set aside to cover expenses for three months to protect them against an emergency such as illness or the loss of a job. Just one unanticipated expense can lead to crisis.
This is a reality for too many families in Western Connecticut. United Way is committed to building prosperous communities by supporting at-risk families on their journey from struggling to financially stable and self-sufficient. Educating families on ways to save and enhance income provides a long-term answer to building assets and moving beyond living paycheck-to-paycheck.
We focus on programs that put dollars back into the pockets of hard-working people, while helping them manage their money on a limited budget:
- Offering free one-on-one budget coaching that focuses on creating household budgets, working toward a financial goal, and improving credit scores.
- Providing low-income households with an incentive savings program that gets them in the saving habit and provides free, on-line financial advice.
- Providing free tax preparation services for low-income households to ensure that they are getting the tax credits and the tax returns they are entitled to.
Financial stability for all is possible - with your help. Join us.