What Motivates Low Income Earners to Save Money?
According to this new study released by EARN, 83% of low-income workers
continue saving following completion of a matched savings program. This
qualitative study answers the following questions: (1) Do workers who
complete matched savings programs continue to save beyond the program?
(2) What are the mechanisms and circumstances that allow for continued
savings? (3) Does participating in a matched savings program correlate
with increased civic engagement?
Read
the report
Advancing Financial Coaching for Low-Income Populations
Financial coaching has emerged as a powerful tool with great
promise to create prosperity for low-income Americans. This white paper
explores mid-stream
learnings, key questions, and recommendations for advancing the
burgeoning
field. Nearly two years into our work,
EARN is ready to offer some lessons that we believe will improve the
field of
financial coaching for low-income people and advance the growing
national
conversation on this topic.
Learn
more
