Commonwealth News

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…

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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…

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Blog Post: 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…

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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…

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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.…

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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…

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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…

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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, however,…

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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.…

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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…

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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…

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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…

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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…

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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,…

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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…

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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.…

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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…

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Commonwealth Launches in DC

Nearly a year of reflection and planning culminated on September 26th, as we officially launched our new brand, Commonwealth. While our mission hasn’t changed, our new name and identity will help us more effectively pursue…

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Commonwealth at the Assets Learning Conference

Join Commonwealth at the Assets Learning Conference (ALC) in Washington, D.C., September 27-30. Visit our exhibit table any day during the conference, and see our team speaking at any of the below breakout sessions: September 28…

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Center For Economic Progress, Commonwealth, and America Saves Celebrate SaveYourRefund Winners

CHICAGO, IL – The Center for Economic Progress (CEP) hosted Commonwealth and America Saves for an event that celebrated the winners of the 2016 SaveYourRefund Promotion. Grand Prize Photo Contest winner Ebony Brown-Parks…

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