Press Releases
MEDIA CONTACT
Jackie Jusko
Cell: 216-374-0945
jjusko@buildcommonwealth.org
Commonwealth works in collaboration with partners and foundations to announce new initiatives, opportunities, impact, and milestones that inform and influence employers, the financial services industry, fintech innovators, policymakers, and beyond. Access our press announcements highlighting our latest research, partnerships, progress, impact, case studies, and more.
The BlackRock Foundation and Commonwealth Research Reveals Majority of Low and Moderate Income Americans Now Invest in Capital Markets
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…
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…
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.…
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…
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…
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…
Commonwealth and EARN Launch Savers Win
Leveraging our five years of experience operating a successful prize-based tax time savings campaign, Commonwealth has partnered with EARN to co-design an incentive program for their online savings community, SaverLife. The incentive program – Savers Win – offers tax filers…
#TaxTimeSavings Twitter Chat – January 30th
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…
Endless Possibilities for Growth of Prizes
Prizes continue to prove to be an effective tool for spurring positive financial actions. Prize Savings on the Walmart MoneyCard, designed in partnership with Green Dot Bank and Commonwealth, is celebrating a year of success. The program encourages saving by…
FUNd My Future Expands Throughout Pittsburgh, PA Area
FUNd My Future, a Children’s Savings Account (CSA) program started by Propel charter schools in Pittsburgh, is now available to students throughout Allegheny County, where Pittsburgh is located. This program aims to enable children and their families to take practical steps that transform…
Innovations to Tackle College Financial Readiness
College education is one of the key drivers of financial security, and the high costs of college attendance can be a challenge for students from financially vulnerable households. Commonwealth designed and tested an innovative solution to this challenge: Ramp It…
Green Dot Bank Wins Economic Inclusion Award for Prize Savings
Green Dot Bank has been recognized with an Economic Inclusion Award at the American Bankers Association (ABA) Community Commitment Awards for their work on Prize Savings, a prize-linked savings feature co-designed by Commonwealth on the Walmart prepaid MoneyCard. This recognition…