The Corporation for Enterprise Development (CFED), a national nonprofit organization, has created a framework to illustrate steps to building financial security from a household’s perspective. CFED’s framework guides individuals through five key components of financial stability: Learn, Earn, Save, Invest, and Protect. The Household Financial Security Framework can be used by individuals to assess in which areas they may need to seek improvement or further resources or the framework can be used by organizations to assess and identify where their organization is addressing and aiding—or could better address and aid—the financial security of families. The framework considers not only the actions of householders but the essential services provided by the community and larger systems and infrastructures that can affect the financial well-being of households.
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