Analyzing the Landscape of Saving Solutions for Low-Income Families
Author:
Topic: Asset building and saving
Publisher: Prosperity Now (formerly CFED)
Location: United States
Format: Brief
Content Type: Research
Publication Date: February 7, 2023
Topic: Asset building and saving
Publisher: Prosperity Now (formerly CFED)
Location: United States
Format: Brief
Content Type: Research
Publication Date: February 7, 2023
To address challenges around savings, the asset building and financial services fields have developed an array of solutions that attempt to support savings and wealth accumulation. However, the landscape of savings solutions is complex, difficult for households to navigate, and full of solutions that are not designed specifically for low-income and low-wealth households.
This brief examines the savings challenges that households face, their underlying causes, and a vision for new solutions.
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