Financial Services

Guest Post: How Much Would You Spend to Save $19 Million a Year?

August 21, 2014
Publication Image Editor's note: This op-ed was originally published in the San Jose Mercury News and is co-authored by Paul Tepper, Executive Director of the Western Center on Law and Poverty, and Paulina Gonzalez, Executive Director of the California Reinvestment Coalition.

California loses about $19 million a year from its public assistance programs to a surprising cost: ATM fees.
 
California's public assistance program, known as CalWORKs, provides job counseling, childcare, housing services, and modest cash grants to families with children. In fact, the average grant for one parent with two children is only $463 a month.

Asset Building News Week, August 11-15

August 15, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include inequality, retirement, and housing.

Asset Building News Week, July 21-25

July 25, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include financial services and knowledge, poverty, and jobs.

New Report: Child Development Accounts as an Early Childhood Intervention

July 22, 2014
Publication Image Properly designed Child Development Accounts (CDAs) can have lasting, positive effects on children's educational development and can improve their long-term economic outcomes. That's the argument of a new paper we're releasing today, "Investing in Children: Child Development Accounts as an Early Childhood Intervention," which was authored by two scholars at the University of Kansas' School of Social Welfare, Terri Friedline, an Asset Building Program Research Fellow, and Nik Schuetz. While much discussion of CDAs (also known as CSAs or Children's Savings Accounts; the terms are interchangeable) treats the accounts in isolation, Friedline and Schuetz argue that, to be most effective, CDAs should be situated within the broader context of other early childhood interventions like pre-K and Head Start.

New Report Highlights the Business Case to Make Youth Savings Work

July 28, 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. 
 

Asset Building News Week, July 7-11

July 11, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include housing, homeownership, and financial education. 

Will GAO Examine Savings Bond Policy?

June 24, 2014
Publication Image We've long been in favor of expanding access to savings bonds. They're well-known, secure and historically have been available to everyone. Unfortunately, that's not really the case anymore. The Treasury Department eliminated retail sales of paper bonds a few years back and also ended a payroll purchase program. Treasury seems to have preferred to try to skip a generation by moving all sales online, through their TreasuryDirect portal. Unfortunately, this creates all manner of issues for Americans.

Asset Building News Week, June 16-20

June 20, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include children's savings, retirement savings, financial services, inequality, and housing.

Asset Building News Week, June 2-6

June 6, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include poverty, employment, and retirement.

Asset Building News Week, May 26-30

May 30, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include the case for reparations, savings, and education.
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