FindResources

Library

resource
New America Foundation | 2014

Investing in Children: Child Development Accounts as an Early Childhood Intervention

Properly designed and integrated Child Development Accounts (CDAs) can have lasting, positive effects on children's educational development and can improve their long-term economic outcomes.  While much discussion of CDAs (also known as CSAs or Children's Savings Accounts; the terms are interchangeable) treats the accounts in isolation, Investing in Children: Child Development Accounts as an...

| More >
resource

Bank accounts key to helping needy families

A growing number of nonprofit groups, financial institutions and government agencies are worried about the socioeconomic impact of the “unbanked”. This article discusses this issue in the context of St. Louis, Missouri and highlights a 2012 forum that was held in St. Louis to develop strategies to reduce the number of people who are unbanked or underbanked.

| More >
resource

Emergency Gift Cards: Commoditizing Savings with Prepaid Cards

As described in this brief, Doorways 2 Dreams (D2D) Fund designed an emergency gift card to test a new way of reaching consumers with a short-term savings product by incorporating the following insights: a) consumers like to gift savings to their loved ones and they like the tangibility of savings; b) consumers need to be met where they are to influence behavior; and c) savings can be...

| More >
resource

Playing the Savings Game: A Prize-Linked Savings Report

This report shows how, in just three years, prize-linked savings (PLS) products in Michigan & Nebraska credit unions have accumulated over $40 million in savings through a program called Save to Win. This report also documents how Doorways to Dreams (D2D) is striving to replicate the fun and engagement consumers have seen with Save to Win through prepaid cards, debt repayment, savings bonds,...

| More >
resource

The Savings and Financial Electronic Transaction (SAFE-T) Account

This paper outlines a federal policy proposal to create a scaleable, credible, and safe financial product to enable millions of households to affordably transact, save, and build wealth. Research by academics, behavioral economists, policy makers, and the financial services sector have brought to the fore seven important considerations that have helped to inform the design of the SAFE-T...

| More >
resource

Turning Today's Economic Inflection Point into Tomorrow's Savings Behavior

This paper discusses how consumers save and some of the barriers they face in doing so, including cultural, behavioral, and structural barriers. It also provides an economic analysis of a basic savings account, and highlights emerging innovations that are overcoming barriers on both slides of the supply and demand equation, allowing financially underserved consumers to save in accounts that...

| More >
resource

The SAFE-T Account: A Proposal to Deliver a Low Cost, High Value Transaction and Savings Account at Tax Time

To build on the financial innovations offered by prepaid products, leverage the billions of dollars in annual tax refunds, and harness the bargaining power of the federal government, this paper proposes the delivery of a Savings and Financial Electronic Transaction Account–or SAFE-T Account–at tax time.

| More >
resource

Using Financial Innovation to Support Savers: From Coercion to Excitement

This paper reviews a wide variety of programs that are used to support savings by families, in particular by low- and moderate-income families. These programs range from ones that literally compel families to save, to those that make it hard not to save, make it easier to save, provide financial incentives to induce savings, leverage social networks to support savers, and to programs that...

| More >