NDI Report Finds Adults with Disabilities Continue to be Economically Shortchanged Despite ADA's Guarantee

A new report released on July 22 from National Disability Institute (NDI) shows 24 years after the landmark Americans with Disabilities Act was signed into law and guaranteed all individuals with disabilities the opportunity to achieve “economic self-sufficiency,”people with disabilities are less financially stable than people without disabilities.

NDI’s report, Financial Capability of Adults with Disabilities – Findings from the FINRA Investor Education Foundation 2012 National Financial Capability Study, found, in nearly every category, the financial capability of people with disabilities lagged behind the financial capability of people without disabilities, with 78 percent of people with disabilities finding it difficult to make ends meet, as compared with 56 percent of people without disabilities. Seventy percent of people with disabilities responded they could not come up with $2,000 in an emergency, as compared with 37 percent of people without disabilities.

NDI released the report at a press conference at the National Press Club in Washington, D.C. with speakers including leaders from the FINRA Investor Education Foundation, U.S. Department of Labor, IRS, Consumer Financial Protection Bureau and Social Security Administration.

Learn more about the report in the official press release. A digital copy of the report is available for download in the document library under the “Resources” section of NDI’s website and via this link http://bit.ly/NDI_Report_2014. Video of the National Press Club event is available on National Disability Institute’s YouTube channel, YouTube.com/RealEconomicImpact

NDI Launches 4th Annual My American Dream Video Contest

National Disability Institute kicked off its 4th Annual My American Dream – Voices of Americans with Disabilities Video Contest on Aug. 5. The contest encourages people with disabilities to share their American dreams via video for a chance to win $1,000, a digital tablet and sessions with a mentor to help make those dreams a reality. All videos must be submitted by Sept. 9, 2014. For more information and official rules, please read the press release and visit the video contest website at http://dream.realeconomicimpact.org.

Resources for Real Economic Impact

Benefits 

Reporting Wages to the Social Security Administration

If you are working with an individual who is receiving Supplemental Security Income (SSI) and/or Social Security Disability Insurance (SSDI), and they have returned to work, it is important for the individual to report their wages to the Social Security Administration. By not reporting wages, a beneficiary may lose benefits or be in an overpaid by Social Security. Timely reporting of income is the best way to prevent a potential overpayment. Download a new fact sheet created by NDI, Wage Reporting Fact Sheet for SSA Disability Beneficiaries that provides individuals information on how and when to report wages.

Employment 

Passage of the Workforce Innovation and Opportunity Act (WIOA)

The Workforce Innovation and Opportunity Act (WIOA) was signed into law on July 22, 2014 by President Barack Obama, following overwhelming bipartisan support from Congress. The bill represents the first legislative reform in 15 years of the public workforce system, including adult literacy and vocational rehabilitation programs. WIOA ensures the American Job Center system is job-driven, emphasizes career pathways and training credentials, and incorporates regional planning and service coordination. The bill also emphasizes workforce services for individuals with disabilities, establishes an Advisory Committee on Increasing Competitive Integrated Employment for Individuals with Disabilities, and adds financial literacy services to the American Job Center system. Information and updates are available on the U.S. Department of Labor (DOL), Employment and Training Administration's WIOA Resource Page at www.doleta.gov/WIOA.

Taxes and Tax Preparation 

Free Tax Filing Resources Available to Eligible Taxpayers Through Oct. 15

If you or someone you know is one of the more than 12 million U.S. taxpayers who filed extensions this year, free tax filing and preparation is still available through the final Oct. 15, 2014, IRS tax deadline. The online service – MyFreeTaxes.com – offered by the MyFreeTaxes partnership (Goodwill Industries International, National Disability Institute and United Way) is still open for business through Oct. 15. Taxpayers earning $58,000 or less in 2013 can file both their federal and state taxes completely free on MyFreeTaxes.com. The MyFreeTaxes helpline 1-855- My-Tx-Help (1-855-698-9435) and online chat and email support are also available to answer questions from individuals filing through MyFreeTaxes.com. Visit MyFreeTaxes.com for more information and to file today.

Financial Education 

Online Money Management Tools

Online money management tools help individuals manage their money, pay down debt and achieve long-term goals. These online tools allow individuals to keep track of their spending, provide reminders when bills are due, and offer alerts when an individual’s credit card limit has reached the maximum limit. There are a wide variety of online money management tools. Download our Top Picks for Online Money Management Tools handout.

Asset Development 

Assistive Technology as an Asset-Building Strategy

Assistive technology is defined as any device that maintains or enhances the functional capabilities of a person with a disability. Assistive technology may be used for independent living, education and/or employment. The use of assistive technology is considered an asset-building strategy as it often allows individuals to enhance their independence, advance employment status and build credit through Assistive Technology loans. For more information on assistive technology, visit www.ataporg.org.

Learn more on the impact of assistive technology [video].

Public Policy 

House Ways and Means Committee Holds Congressional Hearing on ABLE Act

On July 31st, the House Ways and Means Committee voted unanimously to report H.R. 647, the Achieving a Better Life Experience (ABLE) Act, out of Committee – one step closer to an up or down vote by the entire U.S. House of Representatives.

To date, the ABLE Act enjoys broad bipartisan support in both the House and Senate. Currently, the bill has 364 House cosponsors and another 74 cosponsors in the Senate.

Learn more about the ABLE Act.

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Issue 7 - Aug 2014 

In This Issue

NDI Report Finds Adults with Disabilities Continue to be Economically Shortchanged Despite ADA's Guarantee

NDI Launches 4th Annual My American Dream Video Contest

Benefits: Reporting Wages to the Social Security Administration

Employment: Passage of the Workforce Innovation and Opportunity Act (WIOA)

Tax Preparation: Free Tax Filing Resources Available to Eligible Taxpayers Through Oct. 15

Financial Education: Online Money Management Tools

Asset Development: Assitive Technology as an Asset-Building Strategy

Public Policy: House Ways and Means Committee Holds Congressional Hearing on ABLE Act

Program Spotlight:  Financial Success Collaborative

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Program Spotlight 

Financial Success Collaborative

Financial Success Collaborative LogoThe Financial Success Collaborative is National Disability Institute's peer-to-peer model for improving the financial capability of young adults with and without disabilities. A student-led college/university club, the Financial Success Collaborative is dedicated to promoting healthy money habits & financial fitness for ALL students through a fun, interactive, peer-to-peer mentoring environment. The Financial Success Collaborative creates an inclusive model that brings together diverse college students from a college/university's business school, disability resource center, veterans' services, transition programs and other departments on campus to jointly provide an outlet to enhance all students' financial capability while in college. 

Learn more about the Financial Success Collaborative.

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Upcoming Events 

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