In Partnership with The Aspen Institute, CFED, National Council of La Raza, New America, and the Pew Charitable Trusts

On May 4, 2017, 100 thought leaders gathered in Washington, DC to tackle this question: How can we accelerate promising strategies to expand saving among low- and moderate-income households?

More than one third of working households ages 50–64 have less than $2,000 in checking and savings accounts, according to analysis by the AARP Public Policy Institute.

“On average, 17% of households’ income is flowing into savings and restricted savings accounts, a figure roughly three times higher than the current national savings rate […] This suggests that households are trying to save more than annual savings rates indicate.” – US Financial Diaries Project

How are states and local governments taking the lead to help people save?

Is there a single savings solution that adapts to people's changing needs over their life course?

How can financial institutions and service providers keep the consumer at the center of what they do?

What are promising strategies to scale up successful savings initiatives?

From top to bottom, Susan Reinhard, SVP, AARP Public Policy Institute; participants ask questions at the Savings Innovation Forum.
Created By
Jordan Green
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Photo credits: iStock & Rob Neill

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