Tag Archives: Asset Building

Once Upon a Time in America: Rags to Riches Gone

Once upon a time in America, it was expected that most children would surpass their parents on the income ladder. However, a new study released by The Pew Charitable Trusts has found that although most Americans are earning a bit more than their…

Funding Update: Federal Asset Building Programs in Fiscal Year 2013

Since President Obama released his Fiscal Year 2013 Budget Request in February, both chambers of Congress have drafted funding bills. Although the President’s budget was generally supportive of asset building programs, not all Representative…

SaveUSA Helps Families Save $1 Million

Asset building is crucial to a family or individual’s financial success. The difference between getting by and getting ahead is the ability to save and build assets. According to the recently released CFED Poverty Scorecard, 27.1% of Americans ar…

Updates on Asset Limit Reform

Accumulating savings and building assets is the precursor to going from just getting by to getting ahead. Unfortunately federal and state public benefit programs actually discourage and penalize applicants and recipients who try to save and become econ…

Updates on Asset Limit Reform

Accumulating savings and building assets is the precursor to going from just getting by to getting ahead. Unfortunately federal and state public benefit programs actually discourage and penalize applicants and recipients who try to save and become econ…

Racial Wealth Gap Is Wide and Growing

Wealth and assets are the building blocks of economic stability and mobility. Higher levels of wealth also benefit society as a whole. Unfortunately, wealth inequality in the United States is not only wide but growing — the wealthiest tenth of Am…

Racial Wealth Gap Is Wide and Growing

Wealth and assets are the building blocks of economic stability and mobility. Higher levels of wealth also benefit society as a whole. Unfortunately, wealth inequality in the United States is not only wide but growing — the wealthiest tenth of Am…

Survey of Government-Administered General-Use Prepaid Cards Fees and Costs

Among the many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was one requiring the Federal Reserve Board to report annually on the prevalence of general-use prepaid cards in federal, state, and locally administered…

Survey of Government-Administered General-Use Prepaid Cards Fees and Costs

Among the many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was one requiring the Federal Reserve Board to report annually on the prevalence of general-use prepaid cards in federal, state, and locally administered…

Prize-Linked Savings Accounts, the Golden Ticket?

As of April 2011, the savings rate in the U.S. was only 4.9%. Moreover, a 2009 Federal Deposit Insurance Corporation (FDIC) survey revealed that approximately 30 million American households are either unbanked or underbanked. “Unbanked” hou…