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
Commonwealth Launches Tax Advisory Group
On October 20th, we held the first meeting of our Tax Advisory Group – a collection of industry experts focused on thinking expansively and with new perspectives about saving and financial security at tax time. The goal of this work is to…
Commonwealth and America Saves Team up for the Sixth Year of SaveYourRefund
In the 2018 tax season, SaveYourRefund will once again offer tax filers the chance to win cash prizes for saving a portion of their tax refunds. Now in its sixth year, the SaveYourRefund campaign provides fun and exciting incentives for…
Boston Saves Receives $35,000 National League of Cities Financial Inclusion Grant
Mayor Martin J. Walsh today announced that the National League of Cities has awarded a $35,000 grant to support the growth of Boston Saves – the City of Boston’s children’s savings account program – as it enters the second year of its three-year…
Who are Experts on Financial Vulnerability?
The financial challenges faced by financially vulnerable Americans continue to change as the economic, political, and social landscapes evolve at an increasingly rapid pace. We gather new key insights every time we talk with financially vulnerable people directly – experts…
Health Insurance and Financial Security
While financially vulnerable Americans face great risks in the current health insurance debate in Washington, regardless of the outcome, we know millions of working people will continue to struggle with the financial challenges posed by employer-sponsored High-Deductible Health Plans (HDHP). …
Prize Savings Wins Best Prepaid Incentive Award
Prize Savings, a Prize-Linked Savings feature on the Walmart Prepaid MoneyCard, has won the Best Prepaid Incentive Program Award at the 2017 Pay Awards. The results are the combination of votes from the expert judging panels and the aggregated results…
The Impact of Prizes
Commonwealth’s work to use prizes to motivate saving has led to $185 million being saved, mostly by financially vulnerable people, in the last 8 years. The chance to win a prize has proven time and time again to be an…
Commonwealth and America Saves Announce SaveYourRefund $25,000 Grand Prize Winner
Commonwealth and America Saves are thrilled to announce Ivonne Sonato-Vega of Santa Rosa, Calif. as the 2017 winner of SaveYourRefund’s $25,000 Grand Prize Photo Contest. The SaveYourRefund campaign encourages savings at tax time by offering chances at cash prizes for…
The Gamification Effect: Using Fun to Build Financial Security
Managing personal finances can be stressful, intimidating, and at times simply mystifying. What if gaining financial knowledge, building self-confidence, and taking positive financial action could be as fun and engaging as playing a video game? At Commonwealth, we believe that…
Half of All Americans Don’t Have $400 to Spare
Following the Aspen Institute Summit on Inequality & Opportunity, Commonwealth’s Executive Director Tim Flacke shared thoughts on how our work is expanding opportunity and addressing inequality. Aspen Institute has posted Tim’s piece on their blog, addressing the problem that many…
Senators reintroduce SAVINGS Act of 2017
Senator Patty Murray (D-WA) and Senator Susan Collins (R-ME) today reintroduced the Save Access to a Valuable Investment Needed to Generate Savings (SAVINGS) Act of 2017, legislation that would preserve the Tax Time Savings Bond program. Since 2010, the Tax…
Preparing for Minimum Wage Hikes
At Commonwealth, we're exploring whether the upcoming minimum wage increase that will impact 13 million employees can be used as an opportunity to encourage employees to start saving and build financial security. There is a great deal of research that shows that employee financial insecurity has…