Financial Tip of the Month:
According to the latest (as of January 31, 2013) CFED Assests and Opportunity Scorecard Maryland was given a score of C.
Among the recommendations that would improve the climate for wealth building in Maryland are:
Expand Health Care Coverage: To decrease the number of uninsured residents, particularly people of color, Maryland should expand coverage to more low-income people by raising the income eligibility threshold for Medicaid.
Improve Financial Capability: To reduce high credit card debt and the percentage of borrowers who are overdue on debt payments, Maryland should prepare people to navigate the financial marketplace by supporting financial education for adults, and requiring financial literacy in the K-12 school system.
Support Microenterprise: To help small business owners and entrepreneurs succeed, Maryland should fund organizations that provide technical assistance and loans to microenterprises.