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Momentum Jul 2020
The Impact of Matched Savings Programs: Building Assets & Lasting Habits
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Matched Savings programs, or Individual Development Accounts, are a financial empowerment strategy that aim to build financial stability and reduce poverty. These programs build sustainable livelihoods by working with participants to earn savings while learning about money management, build regular savings habits, self-confidence, and hope for the future. Matching
funds act as a power boost to the participants’ own savings, allowing them to purchase productive assets to move their lives forward.

This brief presents key findings from Momentum's Matched Saving programs and the impact on program graduates' saving habits, establishment of emergency savings, and contribution to registered savings.

Author: Momentum
Topic: Asset building and saving
Location: Alberta, Canada
Format: Brief
Content Type: Programs
Publication Date: July 20, 2020