Transcript Slide 1
Powered by the National Disability Institute Building a Better Economic Future for Americans with Disabilities Linking AT with Economic Empowerment Engines 21st Century 2010 Annual Conference of AT Act Programs Host: National AT Technical Assistance Partnership Johnette Hartnett, Ed.D. National Disability Institute Washington, DC Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines Americans with Disabilities Act The Nation’s proper goals regarding individuals with disabilities are to assure equality of opportunity, full participation, independent living, and economic self-sufficiency for such individuals. 42 U.S.C §1201(a)(8)(2005) Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines Disability and Economic Development 21st Century Economic Empowerment Goals 19th Century for People with Disabilities Evolution Life Insurance Funeral Industry Hospitals Veteran Pensions Education Banks • ◦ ◦ ◦ ◦ Research Public Benefits Railroads Institutions Schools for the Blind Homestead Act ◦ ◦ ◦ ◦ ◦ Tax knowledge is freedom. www.reitour.org Improve economic status Increase quality of life Reduce technology barriers Develop new partnerships Recognize disability as power market Reform public policy Increase social expectations Lift asset limits Introduce new financial products and services Create new jobs Linking AT with 21st Century Economic Empowerment Engines Disability and Economic Development 21st Century Economic 20th Century Vocational Rehabilitation Women Rights Empowerment Goals Nursing Homes Federal Reserve for People with Disabilities Tax Code Social Security Civil Rights Labor Laws Doubled Mortality Rates Individual Disability Education Act • ◦ ◦ ◦ ◦ Americans with Disability Act Architectural Barriers Act 1968 Rehabilitation Act 1973 (Section 504) Television Decoder Circuitry Act of 1990 Assets for Independence Act Section 508 1986 Tech Act 1988 AT Act 1998 Welfare Reform 1996 ◦ ◦ ◦ ◦ ◦ Tax knowledge is freedom. www.reitour.org Improve economic status Increase quality of life Reduce technology barriers Develop new partnerships Recognize disability as power market Reform public policy Increase social expectations Lift asset limits Introduce new financial products and services Create new jobs Linking AT with 21st Century Economic Empowerment Engines What is economic empowerment? Economic empowerment is the capacity to preserve and grow resources acquired through access to social, human and financial capital that expand and sustain quality life choices. Where do we find the economic empowerment engines? Community-Based Organizations providing tax and asset building services Private Sector Corporations and Foundations Federal, State and Local Government Programs Who are your partners? Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines UNDERSTANDING DISABILITY MARKET •54 MILLION OR ONE OUT OF FIVE AMERICANS REPORT A DISABILITY •91.4% LIVE IN A HOUSEHOLD AND 8.6% IN GROUP QUARTERS •24.4% OF THE 113.1 MILLION HOUSEHOLDS IN US CONTAIN AT LEAST ONE PERSON WITH A DISABILITY •PRE-TAX INCOME FOR US HOUSEHOLDS IS $8.1 TRILLION 17.8% OR $1.44 WITH DISABILITY. OF WHICH TRILLION IS HELD BY HOUSEHOLDS WITH A T LEAST ONE PERSON •HOUSEHOLDS WITH PERSONS WITH A DISABILITY CONTROL 20% OF SPENDING •PRE-TAX INCOME FOR EMPLOYED PERSONS WITH A DISABILITY IS $274. BILLION COMPARED TO $133.7 BILLION FOR PEOPLE WITH DISABILITIES NOT EMPLOYED •25 PERCENT GROWTH IN DISABILITY SINCE 1990 •DISABILITY SPENDING GREW FROM $397.5 IN 2006 TO $542.8 BILLION IN 2007 (REPRESENTS FEDERAL, STATE AND LOCAL SPENDING) •21.6 MILLION RECEIVE INCOME MAINTENANCE (SSI, SSDI, TANF, VA COMPENSATION, FOOD STAMPS AND HUD) •17.5 MILLION RECEIVE HEALTH CARE (6.8 M MEDICARE, 8.8 M MEDICAID, 1.8 M VA) •7 MILLION K-12 GRADES SPECIAL EDUCATION •7.2 MILLION LONG TERM CARE AND 1.04 INSTITUTIONALIZE •34% OF US POPULATION IS COMPRISED OF MINORITY POPULATION Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines FISCAL RATIONALE FOR DISABILITY AS A FUTURE GROWTH MARKET • $1 TRILLION IN AGGREGATE • $220 BILLION DISCRETIONARY SPENDING • DISABILITY MARKET IS LARGER THAN AFRICAN AMERICAN, LATINO AND GAY MARKET COMBINED • DOUBLE THE FABLED SPENDING OF TWEENS AND MORE THAN SEVENTEEN TIMES THE SPENDING OF TWEENS INCOME 8-12 YEAR OLDS • 70% OF PEOPLE WITH DISABILITIES CHOOSE TO BUY FROM RETAILERS THAT • 92% FEEL MORE FAVORABLE • DISABILITY IS NOT A NICHE MARKET BUT PART OF THREE MAJOR MOVEMENTS REVOLUTION SUPPORT PERSONS WITH DISABILITIES TOWARD COMPANIES THAT HIRE PERSONS WITH DISABILITIES 2) KNOWLEDGE WORKER 1) DEMAND-DRIVEN CONSUMER RIGHTS (DRUCKER) AND 3) BOOMER GENERATION. Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines Economic Empowerment Programs Available in Many Cities • Free Tax Preparation • Financial Education • Debt and Credit Counseling • Matched Savings Programs • Microenterprise • Assistive Technology Loan Programs • Home Ownership • Health & Wellness • Work Incentives – Social Security Administration • Job Readiness and Training and Telework Opportunities Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines Example of Free Tax Preparation Engine Model: Tax Code Earned Income Tax Credit (EITC) provided $49 B in refundable tax credits to qualified taxpayers in 2009 and lifted 5 million taxpayers out of poverty. Engines: IRS and over 600 Community-Based Organizations; 44,000 volunteers providing Volunteer Income Tax Assistance (VITA) to 3 million taxpayers with over $1 billion in returns. Since 2005 NDI REI Tour (www.reitour.org) became part of the VITA network and provided over 330,000 taxpayers with free preparation services that saved $66 million in paid preparer fees. 60% of National Community Tax Coalition members (www.nctc.org) providing asset building services. Private sector sponsors and VITA Grant providing fuel. REI Tour tested Video Relay Service in DeafTax initiative in over a dozen cities providing real time tax preparation remotely. In 2010 offered Savings Bonds option on tax return. AT Opportunities: Are you partnering with local tax/asset building networks? Opportunities to compliment existing loan programs operating with or at tax sites (credit unions, banks and CDFIs). Coalitions should be asking about access needs on intake forms. TaxWise should ask access question. How can AT services be integrated into free tax and asset building work? Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines Model: Financial Services – Community Based Organizations provide financial education to reduce use of predatory lending practices, help families out of debt, and stabilize economic security. Sometimes CBOs partner with a local credit union or bank and offer enrollment opportunities at the site. Financial institutions provide underbanked and unbanked customers an array of online games, products and services. Engines: In addition to Community Based Organizations that provide a continuum of services from home ownership to credit counseling, a number of Federal programs – FDIC, U.S. Treasury, USDA, IRS, Federal Reserve are involved in advancing economic self sufficiency for an array of outreach strategies. State Treasure Offices provide debt and credit services (online and otherwise) for customers. Many credit unions and banks provide online financial education and access to financial services. Corporations like ATT have a national assistive technology board that provides field information about needs and barriers. Individual Development Account Programs (IDAs) available through a number of orgs – will hear more from panel today. United Ways, Community Action Agencies, Mayor’s Offices, Community Councils, just a few of the local partners doing tax prep with an additional strong financial stability agenda. VISA produced Financial Soccer for NDI – a video game with 100 questions on benefits. Not accessible for the blind. AT Opportunities: Community Based Organizations need education and information about AT strategies – device loans, device demos, AT advocacy and financing assistance. As more people with disabilities are integrated into the economic mainstream the more assistive technology needs, products and services will be in demand. Are AT programs providing outreach to these markets? How can AT assist tax and asset building field in expanding its programs to people challenged with transportation barriers? Tax knowledge is freedom. www.reitour.org Linking AT with 21st Century Economic Empowerment Engines Johnette Hartnett, Ed.D. Director REI Tour National Disability Institute 202-296-2043 [email protected] www.reitour.org Tax knowledge is freedom. www.reitour.org Real Economic Impact Tour The Real Economic Impact Tour (REI Tour) - a national initiative of the National Disability Institute (NDI) - delivers free tax preparation and filing assistance, along with other asset building strategies to low-income persons with disabilities. The REI Tour is a public-private collaboration designed to provide Americans with disabilities insight, tools and resources to improve their lives through financial education, training and counseling. For more information on the Tour please visit www.REITour.org and to learn more about NDI’s economic empowerment projects visit www.realeconomicimpact.org. REI Tour Sponsors Tax knowledge is freedom. www.reitour.org