Pilot Program Helps First-time Workers Save

America Saves piloted a Saving and Savings Education program for first-time workers in Chicago, Indianapolis and Cleveland this summer to spotlight the importance of saving through work for younger employees.

More than 2,000 youth made a goal-based savings commitment by taking the Young America Saves pledge and even more took advantage of direct deposit to receive their pay. Top goals included saving for education, consumer product, motor vehicle, and an emergency fund. America Saves provided handouts, slides, and a video promoting the benefits of saving and direct deposit for use in youth worker orientations. In Chicago, the Economic Awareness Council/Young Illinois Saves managed 10 employment sites with four partner financial institutions: Citibank, Marquette Bank, ABC Bank, and Community Plus Federal Credit Union. In Cleveland, Youth Opportunities Unlimited managed 107 employment sites with partner financial institution Huntington Bank. In Indianapolis, Keep Indianapolis Beautiful was the employment site with partner financial institution Old North Bank. Next year, America Saves plans to expand the first-time worker program into additional cities that offer summer employment. For more information, contact Young America Saves Director George Barany at This email address is being protected from spambots. You need JavaScript enabled to view it..

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