20% of the US population are people with disabilities and 15.2% are over the age of 65.
The disability community has more disposable income than Black and Latinx populations combined.
However, financial institutions have not taken advantage of universal design, leaving millions of people, and $millions of dollars behind.
60% are Low-Moderate Income (LMI)
40.4% of people with disabilities have no access to credit.
28% of people with disabilities are underbanked
18% of people with disabilities are unbanked.
15.2% of the USA is over the age of 65.
By not including people with disabilities, financial institutions are leaving people and profit out of their bottom line.
Community Reinvestment Act (CRA) Final Rule May 2020
With the passing of the Community Reinvestment Act (CRA) Regulations, Final Rule May 2020, financial institutions must now include people with disabilities in their Low-Moderate-Income lending. Navigating the new disability-inclusive qualifying activities can be a logistical and legal nightmare without expert advice.
Contact us to find out how to make the most impact in your CRA investments for people with disabilities and those aging in place.