New national initiative with Wells Fargo will connect the 100 million people with disabilities and chronic health conditions to accessible financial health tools, virtual financial coaching and counseling
National Disability Institute (NDI) launched the Financial Resilience Center, an online comprehensive education and information hub for people with disabilities and those with chronic health conditions. Provided at no cost, information is organized under six resource areas: employment/unemployment, COVID-19 stimulus, money management, public benefits, housing/food/healthcare and scams, with additional emphasis on federal guidance/policy and community-based resources.
With support from the Wells Fargo Foundation, the goal of the Center is to promote effective financial decision making and stability in response to the adverse economic consequences of the COVID-19 pandemic.
Key collaborators of the Center include LifeCents and the Association for Financial Counseling, Planning and Education (AFCPE). The LifeCents financial health platform provides each participant with personalized guidance, resources and referrals to services relevant to that individual’s situation. Referrals to AFCPE professionals with disability-related counseling competencies will also be available for those needing one-on-one counseling or coaching to help assess their financial situation, evaluate trade-off decisions and plan for any financial challenges ahead.
The COVID-19 pandemic has created a great deal of physical, mental and financial uncertainty for many in the U.S., particularly those with disabilities and chronic health conditions. In response, the Center will provide accurate and current information and resources, including helpful tools, to increase financial stability and reduce economic stress. The intent is to empower people with disabilities to acquire personal finance knowledge, improve financial habits and gain the confidence needed to navigate economic uncertainty now and in the future.
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