Asset Development Exchange (ADX)
The Asset Development Exchange (ADX) is designed to improve employment outcomes and retention through financial stability. Asset building strategies and information can sometimes make the difference between an unsuccessful closure and a successful employment outcome. SE TACE wants to ensure counselors have the information and resources they need to assist their clients in obtaining financial stability.
- Executive Order--Establishing the President's Advisory Council on Financial Capability for Young Americans
To contribute to the Nation's future financial stability and increase upward economic mobility, it is the policy of the Federal Government to promote financial capability among young Americans and encourage building the financial capability of young people at an early stage in schools, families, communities, and the workplace. By starting early, young people can begin to learn the difference between wants and needs, the importance and power of saving, and the positive and productive role money can play in their lives. Having a basic understanding of money management from an early age will make our young people better equipped to tackle more complex financial decisions in their transition to adulthood, when critical decisions about financing higher education and saving for retirement can have lasting consequences for financial security. Strengthening the financial capability of our young people is an investment in our Nation's economic prosperity.
View the Executive Order
- Make Your Path (MY Path) promotes long-term financial stability for low to medium income youth
VRCs, particularly those who carry a transition caseload, are acutely aware that many young people with disabilities do not have the financial knowledge or skills to deal with an increasingly complex financial system. Yet many counselors are not comfortable providing financial information during counseling and guidance. My Path is an innovative approach that combines the use of financial products with teachable moments such as receiving your first paycheck. A recent working paper on Increasing Financial Capability among Economically Vulnerable Youth: MY Path describes the program and research findings, and provides information that could assist a counselor when working with transition students.
Read more about the program and download the paper
- TACE Panel on Asset Development Addresses National VR Leaders: CSAVR conference, Spring 2013
Read more about the panel
- Dealing with Debt:
Resources to help you assist clients who are dealing with debt or defaulted on student loans
- Asset Development is a "Critical Part" of VR's Role in Kentucky:
Learn More about how KY's VR Agency leads the nation in taking financial stability measures for clients in poverty
Tools for Counselors
Practical and user-friendly resources for Vocational Rehabilitation Counselors (VRCs) to integrate asset building into counseling and guidance.
Why Financial Stability Matters in Vocational Rehabilitation
This article provides an overview of the importance of financial stability in vocational rehabilitation and presents options for VRCs to consider in factoring asset development into counseling and guidance. Companion tools and other resources are provided below.
Use these SSI calculators to show clients who are on SSI what happens to their benefits when they return to work. Select the calculator for the work incentive(s) in question, such as Impairment Related Work Expense, PASS or Student Earned Income; enter the requested figures in the spreadsheet and let the calculator do the rest! Note that these are meant to illustrate the impact of earned income; they are not a replacement for benefits planning.
Financial Security in Your State
The Assets & Opportunity Scorecard looks at wealth, poverty and the financial security of families in the United States. See how well residents are faring and what your state can do to help them build and protect assets. The Scorecard provides state-by-state performance and policy measures in five Issue Areas: Financial Assets & Income, Businesses & Jobs, Housing & Homeownership, Health Care and Education. NEW! A recent addition to the site features data on the percentage of households with insufficient liquid assets to subsist at the poverty level.
TACE Asset Building Webinar Series
This series features national speakers on the topic of asset development and vocational rehabilitation. Each webinar highlights strategies to integrate financial stability into the rehabilitation conversation.
View webinar archives
Other Counselor Resources
More current resources available under our Links menu.
Community of Practice
TACE launched an Asset Building Community of Practice (CoP) in February, bringing together VR practitioners who use asset development strategies to assist clients in achieving financial stability. The CoP meets monthly to share experiences, information and tools and to work together in developing practical ways to integrate asset building into VR counseling and guidance. The group is currently considering how to lay the foundation for asset development at the beginning of the VR process. Check back frequently for updates.