Reports

Saving whilst Gambling: An Empirical Analysis of U.K. Premium Bonds

For over three centuries and across the globe, lottery-linked savings (LLS) programs have offered individuals the opportunity to save, and in lieu of paying traditional interest, have given savers periodic chances to win money or prizes. Despite their long history, LLS programs are relatively unstud…

Testing US Savings Bonds at H&R Block Tax Sites

During the 2007 tax season, Professor Peter Tufano, founder of D2D Fund, collaborated with H&R Block to study offering U.S. Savings Bonds (Series I) at 27 H&R Block tax preparation offices. 3,729 clients with federal refunds greater than $500 received a scripted offer to purchase US Savings …

Testing U.S. Savings Bonds to Help Low-income Tax Filers Begin Saving

During the 2007 tax season, D2D and four Volunteer Income Tax Assistance (VITA) sites conducted a U.S. Savings Bond pilot test. From January 22nd to March 31st 2007, D2D and its partners offered Series I U.S. Savings Bonds to 4,841 low and moderate income (LMI) tax filers in four cities. This paper …

Build Savings at Tax Time: A Guide to Split Refunds

More than three-quarters of the nation's taxpayers receive tax refunds each year. Fr many low to moderate income households, this is the largest sum of cash they will receive all year. To encourage individuals and families to make the best use of their refund, the Internal Revenue Service (IRS) …

Reinventing Savings Bonds

Savings bonds have always served multiple objectives: funding the U.S. government, democratizing national financing, and enabling families to save. Increasingly, the authors write, that last goal has been ignored. A series of efficiency measures introduced in 2003 make these bonds less attractive an…

Leveraging Tax Refunds to Encourage Saving

Policy-makers from both sides of the political aisle are actively seeking ways to encourage retirement saving among middle- and low-income households. A growing body of evidence suggests that making it easy for these families to save, and presenting them with clear and effective financial incentives…

Tax-Refund Splitting as an Asset-Building Tool

The trend towards promoting asset accumulation among the poor has been gaining steam in recent years due to the emphasis on asset-building as a means to lift the poor out of poverty. This trend is a result of greater focus on the increasing wealth gap between high-income groups and low-income groups…