Data & Insights
Job Training & Placement Programs:
According to a study by the National Bureau of Economic Research, job training programs can increase employment and earnings among participants. The study found that a training program for low-income adults increased employment by 14 percentage points and earnings by 18% in the year after the program ended.
A study by the Urban Institute found that job placement programs can also be effective. The study looked at a program that provided job search assistance and found that it increased employment and earnings among participants.
Microenterprise Development Programs:
A study by the Aspen Institute found that microenterprise development programs can help low-income entrepreneurs start and grow businesses. The study found that participants in a microenterprise development program were more likely to start a business and saw an increase in income after participating in the program.
A review of microfinance programs by the World Bank found that these programs can have positive impacts on poverty reduction, particularly for women.
Financial Education Programs:
A study by the Consumer Financial Protection Bureau found that financial education programs can increase financial knowledge and behavior. The study found that participants in a financial education program were more likely to save money and pay off debt.
A review of financial education programs by the National Endowment for Financial Education found that these programs can lead to improved financial behaviors, such as saving and budgeting.