Our Impact Our Impact

In this section, you will find briefs, research reports, videos, and powerpoints that describe our work and the impact it has had on building financial security and opportunity. At Commonwealth we believe that sharing the results of our work inspires others to act.

WINcentive Savings 2016 Report

This report analyzes the performance of WINcentive Savings accounts throughout 2016, as well as data from a Commonwealth survey administered to WINcentive account holders by their respective credit unions. With the WINcentive survey,…

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Prizes Facilitate Saving by Youth

In the summer of 2015, we worked with the New York City Department of Youth and Community Development (DYCD) to design and pilot a Payroll Savings Program for around 50,000 youth participating in their summer youth employment program. The…

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Commonwealth 2016 Accomplishments

In 2016, we developed new ideas, tested innovative solutions, and worked with partners to improve the lives of financially vulnerable Americans at scale.

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Building Financial Security Through Integrated Financial Solutions

People’s financial lives are more deeply interconnected than traditional financial products suggest: income impacts expenses; expenses impact savings; savings impacts borrowing; borrowing impacts expenses; and uncertainty impacts…

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Our Approach: Innovation Pipeline

At Commonwealth, we discover new financial challenges and explore new innovative solutions through research, listening, and talking with people. We take the most promising of these new solutions and design real world pilots to see if they…

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Increasing Access to U.S. Savings Bonds: Recommendations for Bond Innovation

U.S. Savings Bonds fill a market gap for safe, no-fee, general purpose savings products with low minimum balances and a trusted brand. The Treasury Department can not only preserve bonds as they are currently available—including…

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Bite Club Trailer

In Bite Club, users manage a vampire nightclub to learn how to plan for retirement, understand the value of paying off debt, and manage spending patterns. Watch the trailer below, and check out the Financial Entertainment site to learn more…

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Ramp it Up Trailer

Ramp It Up is a gamified college readiness mobile app that seeks to empower high school students to make positive financial decisions related to paying for college. Watch the trailer below, and click here to learn more about Ramp it…

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Gamification: Making Financial Security Fun

Gamification provides a way to turn tasks into fun and engaging activities that lead to real world action. Commonwealth collaborates with employers, non-profits, financial services firms, and more to design, create, pilot, and scale gamified…

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Commonwealth Brand Story

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Consumer Engagement: Helping People Want What They Need Webinar

On November 9, 2016, Commonwealth's Timothy Flacke and Kristen Bryant joined the National Disability Institute for a webinar to discuss Consumer Engagement: Helping People Want What They Need, a brief that explains the importance of…

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Rules of Thumb Toolkit

This toolkit focuses on the design of rules of thumb (ROTs), simple, actionable guidelines that can help consumers with financial decision-making. If designed well, they are easy for consumers to remember and clearly communicate the action…

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Consumer Engagement: Helping People Want What They Need

In partnership with the Asset Funders Network (AFN), Commonwealth wrote this brief to explain the importance of consumer-centric design. The brief includes an actionable framework and examples of how it can be implemented to create a product…

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SavingsQuest: How it Works

SavingsQuest, an award-winning app by Commonwealth, uses gamification to drive greater account engagement and saving. This short video demonstrates the key features of the app. Click here to learn more about SavingsQuest.

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A History of Prize-Linked Savings

Commonwealth's innovation process has proven effective over the last 15 years in building solutions to help over a million Americans build more than $200MM in savings. As one of Commonwealth's most notable ideas to go…

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Four Years of SaveYourRefund

SaveYourRefund (SYR) completed its fourth successful year in 2016. Learn about how it has grown over the past few years, and the impact it has made on tax filers across the country.

SaveYourRefund (SYR) completed its fourth successful year in 2016. Learn about how it has grown and the impact it has made on tax filers across the country.

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WINcentive Survey Results

The data in this report is a summary of results from a D2D survey administered to WINcentive account holders by their credit unions. With the WINcentive account opening survey, D2D aims to understand who holds WINcentive accounts, what types of savers they are, and how WINcentive affects their impressions of credit unions. This report provides findings from 227 survey responses.

This report is a summary of results from a Commonwealth survey of WINcentive account holders. The survey aims to understand who holds WINcentive accounts, what types of savers they are, and how WINcentive affects…

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SaveYourRefund 2016

The SaveYourRefund campaign had another successful tax season in 2016. SaveYourRefund, in its 4th year, is a national campaign encouraging savings at tax time, when households making less than $50,000 claim $100 billion in federal tax refunds. The campaign creates a fun and rewarding experience to inspire Americans to use the moment of claiming a refund as an opportunity to save.

The SaveYourRefund campaign had another successful tax season in 2016. SaveYourRefund, in its 4th year, is a national campaign encouraging savings at tax time, when households making less than $50,000 claim $100 billion in federal tax…

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The Faces of Financial Vulnerability in Greensboro NC

Commonwealth undertook an in-depth research project with a small group of credit union account holders in Greensboro, NC in order to better understand the granularity of challenges faced by the financially vulnerable and the role…

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Save to Win 2015

In 2015, Save to Win accountholders in all participating states (MI, CT, VA, NC, WA) saved over $22 million. A total of 6,195 new accounts were opened during the same year, helping the program reach new heights. Since 2009, Save to Win…

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