Savings & Ownership Caucus

College Savings 101: Addressing the Gap Between Aspirations and Affordability

May 17, 2010

Last Thursday, New America's College Savings Initiative held an event in tandem with the Congressional Savings and Ownership Caucus to discuss ways for federal policymakers to encourage saving for postsecondary eduation.

College Savings Event and a Menu of Policy Options to Help Families Put Away Money for Higher Ed

May 12, 2010

Tomorrow, in tandem with the bipartisan Congressional Savings and Ownership Caucus, New America's College Savings Initiative will be holding an event on Capitol Hill to discu

New America Foundation Commends California State Controller John Chiang's Financial Literacy Initiative

April 2, 2008

(Sacramento, California, 04/02/08)-- Today, at his First Annual Financial Literacy Fair, California State Controller John Chiang joined by Assembly Members Ted Lieu (D-Carson), Ted Gaines (R-Roseville), Martin Garrick (R-Carlsbad), Roger Niello (R-Sacramento), reinforced his commitment to advance a statewide financial literacy initiative that promotes access to economic opportunity amongst all Californian consumers.

Beyond Stimulus

Tuesday, February 26, 2008 - 9:00am
While the President signs into law a $152 billion stimulus package to jumpstart the economy, millions of Americans continue to rack up consumer debt, watch their home values slide, and worry about their futures with little to no savings. In fact, even with stimulus checks on the way to promote consumption, Americans are focusing on the need to rein in their debt and save more. A recent Harris Interactive poll found that when it comes to using the tax rebate, 47 percent say they intend to pay down debt, while another 32 percent report they will save it.

Beyond the Mortgage Meltdown

Thursday, September 20, 2007 - 1:00pm

The current -- and predicted future -- turmoil in the mortgage market highlights an important challenge to the American dream of homeownership: how to make certain that those who enter into homeownership are able to sustain that status, protecting family stability and building equity in a critical asset. Thirty years ago, those who owned homes had fixed rate mortgages and substantial equity, and foreclosure was a rare event.

To Save, or Not to Save?

Thursday, July 26, 2007 - 1:00pm

This event is co-hosted by AARP, Center on Budget and Policy Priorities, CFED, National Disability Institute, The Retirement Security Project, Sargent Shriver National Center on Poverty Law, and World Institute on Disabilities.

Low-Cost Ideas to Promote New Savings and Asset Ownership

Tuesday, May 1, 2007 - 10:00am

Whether the objective is to promote retirement security, improve educational attainment, provide a financial cushion for life transitions, or increase national savings, the need to increase household savings is vitally clear. As is well known, the personal savings rate in the United States has been falling for nearly two decades and became negative two years ago, a level not seen since the Great Depression.

In an environment of large budget deficits and bulging entitlement obligations, little revenue can be sacrificed to stimulate savings-more creative ways must be found.

Children's Savings Accounts

Wednesday, September 27, 2006 - 10:15am

America’s personal savings rate is abysmally low. Last year the personal savings rate was negative, the lowest annual rate since the Great Depression. Whether the objective is to promote retirement security, improve educational attainment or increase financial literacy, the need to increase household savings is vitally clear.

Making Financial Education Real for Kids

Wednesday, June 21, 2006 - 1:00pm

Regardless of income or race, kids are growing up without knowing the basics that will keep them out of financial trouble. In a time when the personal savings rate is negative, credit card debt is growing and kids are more likely to see their parents go through a bankruptcy than divorce, financial education is more important that ever.

Programs:

Turning Tax Refunds into Savings, Assets, and Retirement Security

Tuesday, April 4, 2006 - 9:00am

America's personal savings rate is abysmally low. Last year the personal savings rate was negative, the lowest annual rate since the Great Depression. Whether the objective is to promote retirement security, improve educational attainment, provide a financial cushion for life transitions, or increase national savings, the need to increase household savings is vitally clear. Public policy should take a cue from some innovative financial institutions that encourage connecting savings with the one activity that almost every household undertakes -- tax filing.

Programs:
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