
Common Wealth Charlotte replaces reliance on charitable and government assistance with financial capability, equipping Charlotte's economically-vulnerable population with trauma-informed education, certified financial counseling, asset- and wealth-building skills, and access to banking services and 0% interest, no-fee loans. Being financially capable is the foundation of true upward economic mobility. More importantly, financial stability brings hope—and hope goes a long way to heal trauma. In Charlotte, 200,000 people work full-time and take home around $1,600 each month – enough to cover housing, transportation, childcare and food costs…unless…a car breaks down, a child gets sick, or an injury causes missed days work. Then, the wolf’s at the door. That is economic vulnerability, and it’s all too real for those who live in it.
- 20% of full-time workers in Charlotte-Mecklenburg live on less than $1600/month.
- A CWC Opportunity Loan is positive alternative to a predatory loan or asking for financial assistance.
- Since 2016, we have worked with over 20,000 Mecklenburg County clients