San Antonio may be the poorest big town in America, but town leaders are attempting a fresh approach when you look at the stubbornly uphill battle against poverty.
Following the town circulated a written report analyzing poverty in San Antonio, regional leaders would like to enhance financial literacy and usage of economic solutions as being a economical approach to reduce poverty.
In 2018, 45 per cent for the metro area workforce attained a median earnings at or below $34,000. That 12 months, the median earnings for one from every 10 employees into the town had been lower than $21,000, based on federal data.
The town is mulling options to short-term, high-interest loans вЂ” payday advances вЂ” as well as further buying work training and counseling that is financial lower-income regions of the town.…