Lead State Organization
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WHAT ALASKA CAN DO
There are many policies that Alaska could enact to improve its climate for asset building and preservation:
Improve Financial Capability: To increase credit scores, lower credit card debt and connect consumers to mainstream financial products, Alaska should help residents maximize earnings by adopting a state EITC and help them manage their finances by requiring financial education in K-12 education.
Increase College Attainment: To increase college attainment, particularly among people of color, Alaska should create incentives for college savings by matching deposits into 529 accounts and minimizing barriers to education savings.
Expand Health Care Coverage: To reduce the number of uninsured residents, Alaska should increase the income threshold for parents who apply for public health care as well as cover childless adults and implement procedures that facilitate enrollment and renewal of coverage in CHIP and Medicaid.