Outcomes - Financial Stability

Focus Area: Financial Stability

VISION

We envision a community where all individuals have the financial resources needed to live healthy, happy, and productive lives.

POPULATION-LEVEL GOALS

  • Monadnock area residents achieve financial stability and well being. MUW measures this by tracking the percentage of the population in the State of New Hampshire and Cheshire County living at or below the poverty level (on or below 100% FPL*).
  • Monadnock area community members are financially literate and empowered. MUW measures this by tracking the percentage of the population in the State of New Hampshire and Cheshire County considered low-income (on or below 200% FPL*)

WHY IT MATTERS

People and families are considered poor when they lack the economic resources necessary to experience a minimal living standard. The topic of poverty is widely considered a cause for action because poor families often encounter material hardships and reduced well-being and because children who grow up in poor households are less likely to thrive as adults.

Monadnock area community members are financially literate and empowered. MUW measures this by tracking the percentage of the population in the State of New Hampshire and Cheshire County considered low-income (on or below 200% FPL*)

200% poverty level

Data not available at the County Level for 2018 and 2019

Monadnock area residents achieve financial stability and well being. MUW measures this by tracking the percentage of the population in the State of New Hampshire and Cheshire County living at or below the poverty level (on or below 100% FPL*).

100% pverty level

 

Source: https://www.census.gov/data-tools/demo/saipe/#/?s_state=33 *

Poverty is defined as individuals on or below 100% of the poverty threshold, based on family income, size, and composition. In 2020, the federal poverty level for a family of four was $26,200. Source: https://carsey.unh.edu/what-is-new-hampshire/sections/economy

*FPL (The Federal Poverty Level) is the federal poverty threshold for a family of four as determined by the federal government each year. 

Indicators of Success

Our Impact in 2021

  • 371 residents received emergency housing assistance through the Cheshire County Emergency Housing Collaborative. Slightly over 50% of those clients participated in a housing focused case plan.
  • 75% of visitors to local food pantries in 22 towns received fresh produce and recipes through the Monadnock Food Pantries Collective – up from 63% in 2020.
  • 245 children from low to moderate-income families received childcare scholarships to access quality affordable services at local childcare centers.