Asset Building – Options and Opportunities for Individuals with Disabilities

Presented by:Thomas Foley, World Institute on Disability

Continuum of Asset Building Tools

Training OverviewGetting to Know Each Other

Employment and Work Incentives

Phase 1Phase 1

Phase 2Phase 2

Phase 3Phase 3 Questions & Answers

World Institute on World Institute on DisabilityDisability

WID's mission in communities and nations worldwide is to eliminate barriers to full

social integration and increase employment, economic security, and health care for

persons with disabilities.

World Institute on World Institute on DisabilityDisability

Changing the economic expectations of people with disabilities

What is Assest Building? What is Assest Building?

Asset building is a strategy where one invests in things which

appreciate over time.

What is Asset Building?What is Asset Building?

What is Asset Building?What is Asset Building?

What is Asset Building?What is Asset Building?

What is Asset Building?What is Asset Building?

What is Asset Building?What is Asset Building?

Continuum of Asset Building ToolsEducationStudent Earned Income Exclusion (SEIE)1619 (a)(b)Medicaid Buy-InEmploymentBanking and Credit-CardsLoans for Assistive TechnologyIndividual Development AccountsHome OwnershipFREE Money (EITC)Plan for Achieving Self-SupportScheming & Dreaming

The Value of EducationIn general, more education means more money, greater employment options and better job security. On average, a college degree is worth an extra $23,000 a year.Consider the following statistics from the U. S. Department of Labor and Census Bureau (2004):

College graduates made an average of $51,554 Those with advanced degrees made $78,093 Adults with a high school diploma made $28,645 High school dropouts averaged $19,169

Project Vision delivers opportunities for youth with

disabilitiesScholarships, internships, grants, study abroad, summer programs, and more!

http://www.projectvision.net

Scholarships

ScholarshipDisabilities That Qualify

Amount

Salvatore E. Quinci Foundation Scholarship

Hemophilia or another bleeding disorder

$2,000

Disabled War Veterans Scholarships Disabled War Veterans $2,500

Elizabeth Nash Foundation (ENF) awards scholarships Cystic Fibrosis

$500 - $2,000

Millie Brother Scholarship Children of deaf adults $3,000

Association of Blind Citizens Scholarships Blind Students

$1,000 - $2,000

• People who graduate from college make about twice as much money as people who only have a high school degree.

• Young people ages 25-34 with a degree are employed at much higher rates than people with only a hi-school degree 70% vs. 55%

• Only about 28% of the population as a whole has graduated from college. However, that number's a lot lower for people with disabilities: just 13%. For Latinos, it's just 12.6%.

• The jobless rate for college graduates under age 25 has averaged 9.6 percent over the past year; for young high school graduates, the average is 21.6 percent.

• Median wealth of whites is now 20 times that of black households and 18 times that of Hispanic households, double the already marked disparities that had prevailed in the decades before the recent recession.

• Only about 1/3 of people with disabilities have jobs.

Higher education results in better jobs!