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Our community and stakeholder engagement sessions, racial wealth divide research, and various internal and <br />external conversations during the Blueprint creation showed that financial empowerment is not a one-size- <br />fits-all model. Residents differ in their financial empowerment needs based on their life statuses and current <br />financial situations. While residents can collectively benefit from financial empowerment services in South <br />Bend, it is important to look at different constituency groups to specifically address the financial challenges <br />and needs of those groups. Therefore, the City of South Bend developed a guiding framework for a path to <br />financially empower residents of South Bend. This is an overall framework on how the City should operate <br />when it comes to financial empowerment decision-making. Each aspect of financial empowerment will take <br />time and resources to enact. The overall framework will continuously be refined to better reflect the financial <br />needs of residents. <br />This guiding framework serves as a continuum of financial empowerment for any South Bend resident.  <br />Dependent of life and financial status, residents can enter this framework wherever their needs can best be <br />met. Residents can progress along this continuum, starting with employment with a savings program as a <br />youth until they are ready to pass down generational wealth as a senior. This framework is also reiterative, <br />meaning that, as generational wealth passes down to future generations, such wealth compounds to create a <br />more financially empowered generation, neighborhood, and city than the previous. <br />FINANCIAL EMPOWERMENT GUIDING FRAMEWORK <br />FINANCIAL EMPOWERMENT BLUEPRINT 21