Funded by the New York City Council through the NYIC's Key to the City Initiative, Your Money, Your Future: A Basic Guide for Financial Education and Empowerment provides a basic overview of the American financial system with the aim to educate and better inform immigrant communities. In particular, the guide navigates solutions to the barriers that prevent immigrants from reaching their full economic potential and security, including a lack of reliable information, inaccessible financial services, and language barriers. It is these barriers that allow New York's immigrant communities to often fall prey to fraud and financial abuse, and to resort to insecure and costly informal banking systems.
Using focus groups to identify urgent needs within the community, the guide provides readers with information they need to improve their personal finances including basic financial management skills, a list of reliable service providers in New York, and tips on avoiding immigrant-targeting scams.
Your Money, Your Future will be available in seven commonly spoken languages and distributed to community members at the New York Immigration Coalition’s Key to the City events, an initiative funded by the New York City Council that supports the city's immigrant communities with consular, legal, education and social services. Since 2011, the NYIC has held 51 Key to the City Events, which have served over 34,000 New Yorkers from 75 countries.
Download the guide here.