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Savings Policy

Invest in Tomorrow. Too many workers get by day-to-day. By relying on high-cost credit and loans, they never feel they can save toward education and work opportunities or protect themselves from financial emergencies. These existing products and benefits can help promote saving:

Folder Saver's Credit
 
Folder Saver's Bonus
 
Folder U.S. Savings Bonds
 
Folder Low-Cost and Safe Bank Products
 
Folder Financial Literacy
 
File Universal Savings for American Workers
This paper makes the case for a comprehensive and inclusive approach to promoting savings, what we call a Universal Savings for Economic Security (USES) plan. Building on President Obama’s retirement savings proposals, USES would apply findings from behavioral economics to increase savings rates among low- and moderate-income workers, with an emphasis on “security savings.”
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