In the Media
MEDIA CONTACT
Jackie Jusko
Cell: 216-374-0945
jjusko@buildcommonwealth.org
To drive maximum progress on making wealth possible for all, Commonwealth complements our innovation and partnerships by shaping relevant public and private conversations in the media. Amplifying our work in national, mainstream, and trade outlets is critical to informing and inspiring business, fintech, and policy leaders to act, and ultimately to achieving our vision of systemic change. Browse our latest articles here.
Consumers still struggling to save money
Two-thirds of Americans have less than $1,000 in their savings account. An article in Consumer Affairs explains that SaveYourRefund is a great way to jump start savings.
Savings on Prepaid Cards: An Opportunity for Both Consumers and Industry
The Federal Reserve Bank of Boston published this article in Communities & Banking about new tools that are emerging to help consumers access affordable financial services and save for emergencies
There’s Gambling Going On at This Bank, and It’s Perfectly Legal
Bloomberg reports that Blue Ridge Bank in Virginia is the first bank in the US to offer Prize-Linked Savings products.
Big Savings!
Behavioral economics shows that the excitement around Prize-Linked Savings helps motivate a saving habit, according to a blog post from Artemis Strategy Group.
Small Bank’s Behavioral Experiment Spurs Saving with a Lottery
Blue Ridge Bank begins offering Prize-Linked Savings product, Jackpot Savings, after legislation legalizing it went into effect this summer, as reported by American Banker.
USAA Launches New App to Help Millennials Save
American Banker announces new USAA app aimed at helping millennials save money through gamification, and quotes D2D Executive Director Tim Flacke.
Will Prizes Get More Low-Income People To Save?
Forbes article covering a Bipartisan Policy Center event where D2D Executive Director Tim Flacke spoke on Prize-Linked Savings.
The Anti-Poverty Experiment
Wall Street Journal article on the modern, data-driven methods being tested to help alleviate poverty.
Appeal of Savings Bonds Wanes in Ultralow Interest Environment
NYT columnist Ann Carrns talks about the reduced appeal of savings bonds due to low interest rates.
Why you should never, ever play the lottery
Despite it's popularity, the lottery can be harmful to low-income people; but can we apply those concepts to saving? An article from the Washington Post explores the possibility.
A fat tax refund says your strategy is wrong
An article in the Washington Post explains that tax time offers a great opportunity to jump start saving, whether you put it in a Prize-Linked Saving account or enter SaveYourRefund.
Seeing a Tax Refund as a Financial Opportunity
NY Times “Your Money” column discusses the best ways to take advantage of your tax refund as a financial opportunity.