Asset Building Program

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New Report Highlights the Business Case to Make Youth Savings Work

July 22, 2014
Washington, DC – The Consultative Group to Assist the Poor (CGAP) released a report today that examines the business considerations for financial service providers offering savings products to young people. The report, “The Business Case for Youth Savings: A Framework,” analyzes the different factors that financial service providers need to consider when entering or being active in the youth savings market. 
 

The Other Border Crisis Solution | The Weekly Wonk

July 17, 2014
Scarlett Aldebot-Green, Senior Policy Analyst, New America Asset Building Program: First, if the U.S. really wants to improve the economic circumstances of families in Central America and reduce violence, then it needs to work with the communities and people that it intends to help.

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Why Do Chinese Students Know More About Money Than Americans Do? | The Atlantic

July 9, 2014

“There’s a lot we don’t know about what works in financial education,” said Reid Cramer, director of the Assets Building Program at New America, a nonpartisan think tank based in Washington, D.C. “We don’t know how information translates to knowledge, and there’s real challenge to teaching people who aren’t connected to financial systems in a basic way.”

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401(k) the New Piggy Bank | Benefits Pro

June 6, 2014

“You have to pay taxes and pay penalties, so up front you’re getting back less than what you put in, and then the double-whammy is you are damaging your long-term savings prospects, money that’s invested and expected to grow,” said Justin King, policy director of the Asset Building Program at the New America Foundation. “A lot of folks would have been better off putting the money into a savings account at a bank.”

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The Past Isn’t Past: The Economic Case for Reparations | Moyers & Company

June 4, 2014

Wealth provides a cushion against economic shocks. “It’s a risky economy, and everybody needs a buffer,” says Rachel Black, an expert in asset-building at the New America Foundation. “That’s especially true for those living on the financial margins, where a small dip in their income or an unexpected expense could leave them either making material sacrifices — like skipping meals — or not being able to repair the car that they need to get to work.”

New America Awarded $500,000 Grant by Kellogg Foundation for Family-Centered Social Policy Initiative

June 3, 2014
WASHINGTON, DC — New America is pleased to announce that it has been awarded a $500,000 W.K. Kellogg Foundation grant to launch the Family-Centered Social Policy Initiative: Designing 21st Century Networks of Support for Households with Children. The Initiative is a collaborative effort, engaging several New America policy programs – Asset Building, Breadwinning and Caregiving, Education Policy, the Markets Enterprise and Resiliency Initiative, and the Open Technology Institute.
 

Globality Wants to Turn Facebook, LinkedIn Connections Into Real-World Success | The Wall Street Journal

May 30, 2014

Eric Tyler got the idea for Globality last year while participating in Unreasonable at Sea–a program in which a group of entrepreneurs boarded a ship and traveled to 13 nations in 106 days. They met with investors, government officials and other entrepreneurs to learn how to turn their startups into global businesses. Mr. Tyler, an adjunct fellow at the New America Foundation, had been invited to share his expertise in mobile technology with the entrepreneurs and to write about the trip.

May 24, 2014 Show | Politics and Reality Radio

May 24, 2014

Finally, we'll be joined by Rachel Black, a senior research fellow at the New America Foundations asset-building program to talk about, well, asset-building.

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Americans' New Piggy Bank: The 401(K) | Bloomberg Businessweek

May 15, 2014

“They get hit with the penalty at exactly the time when they're the most vulnerable,” says Reid Cramer, director of the Asset Building Program at the New America Foundation, which tries to improve savings for lower-income families. “So it's a real ...

New America on President Obama’s MyRA: Has Potential, But Can Do More

May 12, 2014
WASHINGTON, DC – The looming crisis in retirement savings has prompted both state and federal proposals to improve access to retirement savings vehicles, including the Obama Administration’s myRA retirement savings initiative. Today, experts with New America’s Asset Building Program released recommendations for the Administration and Congress to maximize the impact of myRA through supporting both emergency and retirement savings.
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