Our Focus Areas
Home › Families › Financial Stability Center ›

Financial Stability Center in Lynn

lynn fsc

Bringing critical services during a time of economic crisis

At the height of the recession in 2009, the first United Way Financial Stability Center opened in Lynn, a community where 43% of the residents live below 200% of the federal poverty level, with an 11.3% unemployment rate. Powered by lead agency SPIN (Serving People In Need) and a partner network, the Center has already reached out to more than 500 families during its first year of operation.

Programs that promote economic empowerment and independence:

  • Financial education and budgeting
  • Tax preparation with emphasis on filing for the
    Earned Income Tax Credit, one of the most effective
    anti-poverty tools for low-income taxpayers
  • Assistance getting "banked" and establishing relationships
    with financial institutions
  • Matched savings programs that help families
    save for a home, education or small business
  • Basic and job skills to increase employability