Got a tax refund? Do something smart with it.

Article in the Washington Post suggests what you can do with your tax refund - including entering SaveYourRefund or opening a Prize Linked Savings account.

Experts say small tax refunds are a good thing, but a look at how Americans spend the cash explains why they don’t feel the same

Business insider article on what people do with their tax refunds includes a quote from Commonwealth Executive Director Tim Flacke on saving at tax time.

The Cost of Financial Precarity

Feature in the Stanford Social Innovation Review takes a look at how anxiety about debt and financial stability can severely reduce the productivity and health of employees, which can hurt a company’s bottom line, and why businesses, government, and philanthropic organizations should embrace t…

MetLife Foundation, Commonwealth Launch Multi-Year Effort to Help Millions of Financially Vulnerable Build Savings & Economic Opportunity

Press release posted to Associated Press announces Commonwealth's partnership with MetLife Foundation to launch new initiative for building financial security/

Multi-Year Effort Launches to Help Millions of Financially Vulnerable People Build Savings & Economic Opportunity

Employers, Retailers and Financial Service Providers to ‘Make Wealth Common’

BOSTON and NEW YORK (February 5, 2019):  Decades of research points to the material, psychological and social value of wealth. Yet, building financial security is a persistent challenge for lower-income Americans who continue to become less wealthy, not more. In fact, more than 40 percent of pe…

#TaxTimeSavings 2019 Twitter Chat

Each tax season, households making less than $52,000 claim $100 billion in federal tax refunds. For many of America's low and moderate income households, their tax refund is by far the largest check they receive all year. This windfall provides the perfect opportunity to start or grow an emergen…

For most people, higher yields don’t inspire more saving — here’s what could do the trick

Bankrate articles looks at ways to motivate people to save, including prize-linked savings.

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