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From Financial Vulnerability to Financial Inclusion

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A new report by national nonprofit, the Corporation for Enterprise Development, finds that more than half of Baltimore families are “financially vulnerable.” This means a sudden job loss or medical emergency could knock them below the poverty line. Furthermore, half of the city’s households struggle to borrow money affordably, so they risk becoming trapped in debt by high interest rates. ArohiPathek from CFED helps us compare this snapshot of Baltimore to Maryland’s overall picture. Plus, Sara Johnson, director of the Baltimore CASH Campaign, lays out policies with the potential to help low-income families - including ways to give them recognition for paying their bills on time.

Sheilah Kast is the host of On The Record, Monday-Friday, 9:30-10:00 am.
Maureen Harvie is senior producer for On the Record. She is a graduate of the University of Maryland, Baltimore County, and joined WYPR in 2014 as an intern for the newsroom. Whether coordinating live election night coverage, capturing the sounds of a roller derby scrimmage, interviewing veterans, or booking local authors, she is always on the lookout for the next story.