Press & Media

Media Contact: Amber Cason

Communications Coordinator

acason@heartlandalliance.org|(312) 870-4960

Latest Press Releases

Illinois House Passes Children’s Savings Account Legislation

Chicago, IL — On a vote of 65-46, the Illinois Children’s Savings Account legislation (HB3691) passed out of the Illinois House today with bipartisan support. The bill will help make college a reality for more Illinois students by automatically providing access to a college savings account at birth. A small amount of savings can make […]

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38.3% of Illinois Households are in a Perpetual State of Financial Insecurity

A new report from the Corporation for Enterprise Development (CFED) found that 38.3% of Illinois households are locked into a “new normal” of perpetual financial insecurity, unable to build the savings needed to last even three months in the event of an emergency. The research, reflected in CFED’s 2016 Assets & Opportunity Scorecard, also found […]

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New Report Shows Increasing Number of Illinoisans are Trapped by Predatory Auto Title Loans

Chicago, IL — A new report by the Illinois Asset Building Group (IABG) and Woodstock Institute finds that increasing numbers of Illinois consumers are ending up in a long-term cycle of debt due to triple-digit interest rates and long loan terms as they turn to title loans to try to make ends meet. “Because title loans […]

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New Report Finds Illinois Among Worst in the Nation for Graduating Students with College Debt

New data released today by the Corporation for Enterprise Development (CFED) show more Illinois graduating students are struggling with debt than almost anywhere else in the country, ranking 43rd among all states. CFED’s 2015 Assets & Opportunity Scorecard also ranked the state 36th for the average amount of debt carried by college graduates ($28,543). The […]

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Governor Quinn Signs the Secure Choice Savings Program into Law

Chicago, IL — Governor Quinn signed the Illinois Secure Choice Savings Program (SB2758) into law yesterday. The new program will give millions of private sector workers in our state the opportunity to save their own money for retirement by expanding access to employment-based retirement savings accounts. SB2758, sponsored by Senator Daniel Biss and Representative Barbara […]

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Illinois Legislature Passes the Secure Choice Savings Program

Chicago, IL — On a vote of 30-25-2 in the Senate and 67-45 in the House, the Illinois Secure Choice Savings Program (SB2758) was approved by the Illinois General Assembly today. The bill will give millions of private sector workers in our state the opportunity to save their own money for retirement by expanding access […]

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Senate Passes the Illinois Secure Choice Savings Program

Chicago, IL — On a vote of 31-22-2, the Illinois Secure Choice Program (SB2758) passed out of the Illinois Senate today. The bill will give millions of private sector workers the opportunity to save their own money for retirement by expanding access to employment-based retirement savings account. More than 2.5 million workers do not have […]

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Minority Communities Trapped by Poor Credit

The report examines a shocking aspect of the racial wealth gap— disparity in credit scores. In communities of color across the state, the new data shows residents are trapped in a cycle of poor credit with limited access to the opportunities and resources needed to become financially secure. For Immediate Release                                 Contact:  Allyson Stewart, […]

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More Than One-Third of Illinois Households Are One Crisis Away from Financial Devastation

Despite an improving national economy, 38.3% of Illinois households are in a persistent state of financial insecurity, according to a report released today by the Corporation for Enterprise Development (CFED). The number of households who have little or no savings to cover emergencies or to start building a better life has decreased slightly from last […]

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