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
Using Rules of Thumb to Promote Better Financial Decisions
You’ve probably heard that “an apple a day keeps the doctor away,” but why are there are so few simple, effective messages about your finances? Credit unions can build a better relationship with their members by offering these sorts of…
Ford Foundation Features Work of Commonwealth
The Ford Foundation published a guest post on their blog, written by Commonwealth Executive Director Timothy Flacke, about the launch of Prize Savings, the first nationwide Prize-Linked Savings (PLS) product on a prepaid card designed by Commonwealth in partnership with…
Building Commonwealth in 2017
At the start of a new administration, we are surrounded by change and uncertainty, with more to come. Much of this change is threatening – to our mission, to the people we aim to support, and to our values. Some things,…
Prize Savings Brings Prize-Linked Savings Nationwide
Walmart and Green Dot in partnership with Commonwealth today announced the introduction of “Prize Savings,” a Prize-Linked Savings (PLS) incentive program available to the millions of Walmart MoneyCard-holders. “According to The Federal Reserve Board of Governors, nearly half of all…
Commonwealth Launches New Financial Entertainment Site
Commonwealth has launched a new website for Financial Entertainment, a suite of online and mobile financial education video games that teach users concepts including retirement, budgeting, debt repayment, savings, and more. While the site’s front end provides a better user…
Prize-Linked Savings Available Nationwide
Prize Savings, a Prize-Linked Savings (PLS) feature of Walmart’s MoneyCard prepaid card, is now available across the country. This means millions of people nationwide now have access to a fun, engaging and rewarding way to build emergency savings. “We saw…
Innovations in Student Loan Repayment
Commonwealth is partnering with ASA (American Student Assistance) to test Rules of Thumb for student loan repayment behaviors with recent college graduates. As of 2015, more than 41 million Americans collectively owed a total of more than $1.2 trillion in…
Americans Can Win Big for Saving Money at Tax Time Again in 2017 with SaveYourRefund
In the 2017 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 fifth year, SaveYourRefund is a partnership between Commonwealth and America Saves. The SaveYourRefund campaign provides fun and exciting…
America: The Owner’s Manual
Senator Bob Graham and Chris Hand have co-authored a new book, America, the Owner’s Manual: You Can Fight City Hall – and Win, which features a chapter written by Commonwealth. Chapter 2 of the book, “Just the Facts, Ma’am,” tells…
Massachusetts Passes Prize-Linked Savings Legislation
Massachusetts Governor Charlie Baker signed a bill on October 14, 2016 permitting Prize-Linked Savings (PLS) in the state. The bill, which will go into effect in January 2017, permits banks and credit unions to offer savings promotions raffles. PLS accounts…
Explore New Ideas With Us
Here at Commonwealth, we aspire to build innovative solutions that make people financially secure. In order to do that effectively, we need to explore new ideas about existing and new issues faced by financially vulnerable Americans. The new Explore section of…
Rules of Thumb Show Success as Cost-Effective Tool
Last month, Urban Institute released new research, co-authored by Commonwealth staff, that consumers who received two different Rules of Thumb such as Don't Swipe the Small Stuff “had, on average, $104 and $58 less in revolving credit card debt, respectively, six…