If you aren’t already on the Twitter bandwagon, it’s possible that you missed out on some great tweets from @AmericaSaves! ICYMI, we want to share with you the top five pieces that highlight important topics for savers and partners alike.
The major reason behind to last week’s hiatus from the #FridayFive was due to @AmericaSaves’ participation in CFED's Assets Learning Conference (#ALC2014). As participants and speakers, America Saves staff relished the opportunity connect with colleagues in the asset building community to share experiences, best practices, research, and so much more. Because so much of this sharing also took place in the twitterverse, we are doing a special feature of some of the top tweets – as well as some of our favorites – from the conference. The #ALC2014 #FridayFive are:
1. CFED President Andrea Levere set the tone for the asset building community at the conference during her opening plenary speech, in which she quoted both Chris Rock and Kanye West. The insertion of some pop-culture was a blatant reminder of the immediacy of the community's efforts and the continued need of its impact. This quote in particular also reminded us of what is seemingly obvious at the core of what we do: not having money is truly everything. We see that it's the case in the way we budget, the way we plan, the way we sacrifice, the way we save, and, beyond that, in the way we promulgate those best practices. Thanks to Ms. Levere and CFED for providing an avenue and a venue for discussion about the ins-and-outs of asset building, in its many forms!
2. Asset building might not be in our nature as human beings, but that doesn't mean we're going to give up on getting it right anytime soon. As Dr. Sherraden and his fellow panelists shared, so much of making asset building happen better and in a more manageable fashion is making it accessible to all - fixing broken systems and eliminating disparity. Citi's Bob Annibale said it too - leaving so many behind doesn't make sense economically.
"It's very clear from studies on savings and financial security that humans are really bad at this"--Michael Sherraden #ALC2014— Melissa Grober (@melissagrober) September 17, 2014
3. This was one of the most important take-aways from #ALC2014, in this author's opinion. So often, we talk about planning, budgeting, and saving in terms of now and later, but what came to light during this discussion (and the research they were discussing) is the existence of a third timeframe often left unaccounted for: "soon." What does "soon" mean for you? I have no doubt we'll return to this concept soon.
4. We were not at all shocked to hear in the "How to Save" session at #ALC2014 that pledges encourage good financial behavior, but we were certainly proud to see that a piece so integral to what America Saves is about is proving positive amongst our friends and partners in the industry!
5. As America Saves continues our First Time Workers initiative, we were reminded how important it is for accessible products to exist to make financial success and well-being possible particularly for young people. This, of course, is not limited to those embarking on their employment journey, but they are certainly focused in our minds.
A special (non-#ALC2014) honorable mention goes to Joseph Leitmann of Capital Area Asset Builders (CAAB) who included America Saves in his interview with AGENDA this past weekend about retirement insecurity among Latino and African American communities. We are grateful to have been included!
CFED recently shared their Storify of the conference - and I strongly encourage at least a basic skim through the conversation. It is truly enlightening and encouraging to see everyone come together to review our past, discuss our present, and work together on building the future.
Thanks for joining us for this week’s #FridayFive! We’ll see you here next week.