FindResources

Library

resource
| 2013

A Winning Proposition: Creating Economic Opportunities Through the State Lottery

This report discusses the opportunity for a state government backed prize-linked savings product offered through the lottery channel. The paper looks at how this product can make the case for the role of government in savings, the potential of the lottery channel for offering such a product, the impact of a lottery-based savings ticket on consumers, and how such a product could be offered to...

| More >
resource
Webinar | | 2013

Developing A State Legislative Strategy for Asset Building: The Case of Florida

A key step in achieving asset-building goals is developing a solid legislative strategy. The Joint Center for Political and Economic Studies has collaborated with the RAISE Florida Network to develop a legislative strategy to help achieve the coalition's goals with regard to funding for IDAs (Individual Development Accounts) and fostering sustainable homeownership. Join Wilhelmina Leigh and...

| More >
resource
Blog Post | | 2013

Can America Save Itself? Tax Reform, Savings, and Financial Security

CFED sponsored a bipartisan policy forum titled: Can America Save Itself? Tax Reform, Savings and Financial Security that brought together two panels of experts to discuss potential opportunities in tax reform as well as other ideas that can help families save and ultimately become financially secure. A video archive of the event can be found here: Can America Save Itself? Video Archive and on...

| More >
resource
| 2013

Financial Security Credit

We need to reform the tax code to promote saving, financial security, and economic opportunity for all Americans. A Financial
Security Credit would support low- and moderate-income individuals and families who choose to invest in their economic future
by saving at tax time. Every dollar that low- and moderate-income people deposit in a designated savings product would be
matched with 50 cents...

| More >
resource
| 2012

Factors Affecting Completion of a Matched Savings Program: Impacts of Time Preference, Discount Rate, and Financial Hardship

There is a general consensus among researchers and policymakers that matched savings programs can significantly increase the propensity to save among low-income households. This study offers a unique contribution to the field by testing whether principals and theories from behavioral economics affect the decisions that participants make in these savings programs.

| More >
resource
| 2012

Does Structural Inequality Begin with a Bank Account?

This report presents evidence that structural inequalities have created an unequal playing field for low-income families and their children to build assets. Children in families with higher incomes and greater assets are more likely to have relationships with banks and access to other institutional structures that support savings. Because children’s savings is an important predictor of...

| More >
resource
| 2012

Ideas for Refining Children’s Savings Account Proposals

In this report it is speculated that the ability to use part of their savings for day-to-day expenses may help children, particularly low-income children, to associate savings with solving problems in their life that matter to them, further strengthening their sense of perceived control. Perceived control is one of the most robust predictors of student resilience and academic success. As...

| More >
resource
| 2012

Why Policymakers Should Care about Children’s Savings

This report presents a case for why policymakers should care about promoting savings, especially among children from lower income families. The report presents evidence on the relationship between children’s savings and college success and provides the context for a broader discussion of designing children’s savings policies and ensuring that they offer children a meaningful financial stake in...

| More >
resource
| 2012

How Tax Reform Could Become a Trap

This report discusses how tax reform holds promise but if not done carefully could increase the deficit and inequality and harm the economy. It highlights ways to raise additional revenue in a progressive manner to help address deficits as the top tax policy priority, and provides analysis for alternative proposals.

| More >
resource
| 2012

Myths and Realities about the Estate Tax

This fact sheet looks at the Estate Tax, a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the wealthiest estates in the country pay the tax because it is levied only on the portion of an estate’s value that exceeds a specified exemption level, currently $5.12 million per person. Though the tax has been an important source of...

| More >