Archives: Asset Building Program Press

Hurting Ohioans Turn to Pawn Shops, 401(k)s | Dayton Daily News

August 1, 2012

“People are not just using these loans for emergencies,” said David Rothstein, project director for asset building with Policy Matters Ohio. “They are using them for basic needs and living expenses a lot of the time, and that is a really expensive way to fulfill those needs.”

 

Original article

Investing in Children Early Increases Access to Education | U.S. News & World Report

August 1, 2012

Earlier this year, the New America Foundation released "Creating a Financial Stake in College," a series of reports on the relationship between children's savings and improving college success.

 

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NEW DATA: Teens in Poor Nations Seek to Save More Money For the Future

July 26, 2012

Washington, DC — Teens in poor nations want to save larger amounts of money over the long-term in secure places to pay for their education or to start a small business, which can be used to bump them up into a better set of opportunities, according to a new research released today from the YouthSave Initiative.

At Issue with Ben Merens | Wisconsin Public Radio

July 24, 2012

Guest: Reid Cramer, director of the Asset Building Program at the New America Foundation. His piece, "The Asset Agenda," is in this month's "Washington Monthly."

 

Original article

Can America Recover from the Great Recession? | Minnesota Public Radio

July 24, 2012

Phillip Longman, from the New America Foundation, argues in The Washington Monthly, that monetary policies need to include every American...Phillip will join The Daily Circuit on Tuesday to discuss how parents can rebuild and help their children be more prepared for the future.

On Its First Birthday, Consumer Bureau Flexes Its Muscle | BusinessWeek

July 19, 2012

“I expect to see a lot more decisions and impacts on the market in the coming year, and those will create some real battles with the industry,” said Reid Cramer, who studies banking services for low-income people at the Washington-based New America Foundation.

Original article

Longman: Americans Should Be Issued a Stakeholder Account at Birth

July 18, 2012

Washington, DC - To support long-term financial security, the United States should open savings accounts for every child, New America Senior Research Fellow Phil Longman told MSNBC yesterday afternoon.

"American Stakeholder Accounts" would improve prospects for college attendance, homeownership and a secure retirement, which were damaged by the Great Recession, Longman explained on MSNBC's "The Cycle."

No More Overdraft Fees for Unemployed in Ohio | American Banker

July 16, 2012

"This is the right move for unemployed Ohioans," David Rothstein, Policy Matters' project director for asset building, said in a statement. "Unemployed workers cannot afford to have any part of their compensation siphoned off. It's critical that public dollars go directly to the families."

Original article

Creating Jobs is Not Enough

July 6, 2012

Washington, DC - Both Republicans and Democrats have made this election about one thing: jobs. But job creation alone will not increase access to the fading American Dream, according to the Asset Building Program at the New America Foundation.

Helping the World's Poorest Create Wealth

June 19, 2012

To more effectively fight poverty around the world, governments should use electronic banking platforms to transfer welfare payments to low-income households, allowing them to manage their resources and save for the future, according to data from the Global Savings and Social Protection Initiative's website being launched today. 

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