Think Saving for Old Age Can’t Be Fun? Try Making It a Game

New York Times article highlights the use of gamificaiton in financial education, including Commonwealth's gamified app Ramp It Up.

Commonwealth and CHXD Announce Winners of Design & Innovation Challenge

Today, Commonwealth and the Center for Health Experience Design (CHXD) announced the winners of their design & innovation challenge, who answered the question: Can you design an innovation to improve the health insurance open enrollment experience so that it protects the financially vu…

Commonwealth and America Saves Team up for the Seventh Year of the SaveYourRefund Campaign

The 2019 SaveYourRefund campaign will once again give tax filers across the country the chance to win cash prizes for saving a portion of their tax refunds. Now entering its seventh year, SaveYourRefund provides fun and exciting incentives for Americans to build financial security at tax time. In a…

Prize-Linked Savings Bill Passes in California

Governor Jerry Brown of California has signed SB 1055 into law, making it the 29th state to pass prize-linked savings legislation. This measure authorizes state- and federally-chartered banks and credit unions located in California to offer prize-linked savings accounts to their depositors. Commonw…

Innovations to Build Financial Security at Tax Time

Commonwealth has embraced tax time as a unique opportunity to build financial security - it happens predictably every year, people are already thinking about their finances, and a tax refund is often the largest check that families receive each year. We were part of early collaborations that le…

DC plan executives get serious about playing games

Pensions & Investments looks at the increasing use of gamification in driving retirement plan engagement and increasing financial literacy, including Commonwealth's partnership with Staples to create the game Bite Club.

Credit Union awards $5,000 to member

Local news outlets reports on Save to Win prize winner in Michigan.

Commonwealth & EARN Announce Winner of National Tax-Time Savings Competition

Savers Win, a nationwide tax season savings program run by nonprofits EARN and Commonwealth, has named Greenville resident Jessica Butler the winner of the Grand Prize Story Competition. Savers Win, a limited-time promotion, was created to encourage more Americans to save part of their 2017 tax ref…

Design & Innovation Challenge: Benefit Selection for Financial Security

Commonwealth has partnered with the Center for Health Experience Design (CHXD) to launch an innovation challenge to envision a solution that will help financially vulnerable employees balance their health and financial needs at open enrollment. One of the factors that is increasingly contributing t…

How small-dollar loan programs can be a big benefit for employees (and their employers)

The Federal Reserve Bank of Minneapolis highlights one way employers can get involved in the employees' financial security, featuring Commonwealth Senior Vice President Melissa Gopnik.

Announcing the SaveYourRefund 2018 Grand Prize Winners

Commonwealth and America Saves are thrilled to announce Cassandra Tate of New Hampshire and Tara T. of Massachusetts as the two winners of $10,000 each in the 2018 SaveYourRefund Grand Prize Photo Contest. “Saving money enables me to be more self-reliant and gives me greater peace of mind,&rd…

Twitter Chat: The Changing Nature of Work

For many people, the nature of work is in flux. All indications are that the Traditional full-time job with one employer will continue to become less common as other work arrangements flourish. Those Non-Traditional alternatives are themselves evolving rapidly. To increase knowledge about how t…

Affinity Plus debuts WINcentive savings program in Wisconsin

CU Insight Press Release on the launch of WINcentive savings, a prize-linked savings account co-designed by Commonwealth, at Affintiy Plus Federal Credit Union in Wisconsin

Ric Edelman Show

Commonwealth's Tim Flacke was featured in a segment in the Ric Edelman Show podcast, talking about financial insecurity and the need for basic savings. The segment starts at 51:30.

The Changing Nature of Work: Amplifying the Voice of the Financially Vulnerable Worker

The nature of work has changed, and will continue to change, in ways that are hard to predict. But, all indications are that traditional full-time work for one employer will continue to diminish, while other forms of work arrangements flourish. Commonwealth has engaged in research to increase knowle…

Pilots to Help Workers Build Security With Wage Hikes

Commonwealth announced it is bringing to Chicago a nationwide campaign to leverage minimum wage hikes to build worker financial security. Chicago’s multi-phase minimum wage ordinance increases the minimum wage by $1 on July 1. “The millions of workers around the country affected by mini…

Save to win: Banks hope to draw customers with prize-linked savings accounts

From WXYZ Detroit - with prize-linked savings, whether you win or lose, you still save.

How Saving Some of Your Tax Refund Could Win You a Cash Prize

New York Times article covers SaveYourRefund and the opportunity to save at tax time.

Raises, raises, and more raises…

Every day it seems like another company announces that it is planning to give raises to its workers –  CVS, Walmart, and Starbucks, just to name a few. Regardless of the motivation for these raises, they present an opportunity for workers to build their financial security. Over the last …

PLS Bill Introduced in California

Senate Bill 1055 has been introduced in California, allowing banks and credit unions in the state to offer prize-linked savings (PLS) products to their customers. This would make California the 28th state to pass PLS legislation, opening up a fun and exciting way to save. Prize-linked savings produ…