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10-26-17 Committee on the Future Presents Long-Range Report: ‘Promoting Future Financial Independence for All Chesterfield Residents’
 
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2017 News Releases

For Immediate Release

Committee on the Future Presents Long-Range Report: ‘Promoting Future Financial Independence for All Chesterfield Residents’

October 26, 2017
Public Affairs

 Report Outlines Recommendations To Grow Financial Independence

CHESTERFIELD COUNTY, VA — The Chesterfield County Committee on the Future has released its latest study focusing on financial independence for county residents. Appointed by the Chesterfield County Board of Supervisors, the Committee on the Future is tasked with studying issues while evaluating their potential impacts on the county years and decades into the future. The committee forecasts comprehensive, long-range conditions, makes recommendations, provides information designed to guide long-range decisions by elected leaders and works to expand thinking beyond present-day limitations.

The committee presented its latest report, “Promoting Future Financial Independence for All Chesterfield Residents,” to the Chesterfield County Board of Supervisors during a work session Oct. 25. The report outlines four interrelated topics, including social capital, human capital and jobs, high opportunity communities and financial empowerment. While recognizing the many positive indicators of the county’s high quality of life, the report identifies trends indicating that growing financial insecurity among county residents will increasingly affect the county, as in many other suburban communities nationwide, over the next 20 to 30 years.

The committee identified the county’s roles as a convener, facilitator and communicator to encourage regional nongovernmental partnerships in growing financial independence among residents. The committee’s report also outlines how increasing financial independence countywide benefits all residents.

The committee’s latest report identifies financial independence as an “aspirational goal,” stating: “When individuals have access to diverse economic opportunities and resources to attain and sustain adequate assets, they can sufficiently shape their lives and meet their needs — such as food, housing, utilities, clothing, health care, transportation, taxes and dependent care — with some funds available to allot for saving and planning for their futures.”


 



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