"This is going to be a different recovery than the past, because Americans are going to have to save more." -Tim Geithner, US Secretary of the Treasury

Saving is a key to economic mobility as well as economic recovery. Despite the critical importance of savings, most Americans, especially those with low incomes, are not saving enough. Federal policy encourages saving for the wealthy, but for low-income Americans saving is often discouraged and the path to self-sufficiency is made more difficult.

The Congressional Savings and Ownership Caucus is a bipartisan group of Members dedicated to raising awareness about the importance of boosting personal savings, individual ownership of wealth, and financial education. Please join the Asset Building Program of the New America Foundation, the Economic Mobility Project of the Pew Charitable Trusts, and members of the Congressional Savings and Ownership Caucus as they launch the Caucus for the 111^th Congress.

The event will feature the release of a timely new report by The Economic Mobility Project, A Penny Saved is Mobility Earned: Advancing Economic Mobility through Savings. This report, with contributions by Reid Cramer and Rourke O'Brien, demonstrates the connection between savings and mobility, identifies barriers to saving, and lays out concrete steps to help Americans achieve improved economic mobility and realize the American Dream.