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GOVERNMENT, FINANCIAL INSTITUTIONS AND NON-PROFITS TO ATTACK AMERICA’S SAVINGS CRISIS

Written by Benjamin Moss · 30 October 2019

FOR IMMEDIATE RELEASE                                            Contact: Kia Young, 410-205-5072

November 5, 2019

America Saves Link; Facebook Post and Tweet this

 

GOVERNMENT, FINANCIAL INSTITUTIONS AND NON-PROFITS TO ATTACK AMERICA’S SAVINGS CRISIS

 

America Saves is Launching a Robust Effort to Address the National Savings Crisis, As 40% of Americans Cannot Access $400 without Going into Debt

 

Washington, D.C. – On November 6, 2019, a diverse set of stakeholders will gather to address the alarmingly low rate of savings among the American public. The America Saves Summit: Attacking the Savings Crisis, will set the stage for a targeted 2020 initiative to get millions of Americans to save the most effective way possible: automatically. The summit will include leaders from the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), Bank of America, Prudential Retirement, JPMorgan Chase, Navy Federal Credit Union, AARP, and many others. America Saves is coordinating a diverse array of organizations, agencies and institutions to participate in this ambitious effort to support Americans currently unable to meet unexpected expenses and short-term needs.

 

“Saving automatically has proven to be one of the most effective ways for many to save,” said George Barany, Director of America Saves. Currently, 82% of U.S. workers use direct deposit but only 24% of them split a portion of their pay to save automatically. That means 98 million American employees could be saving more effectively and protecting themselves against financial trouble. “This includes a significant number of gig economy workers who could benefit from this incredibly easy and effective way to save,” added Barany

 

This effort to be announced at the November 6th America Saves Summit: Attacking the Savings Crisis will be launched during America Saves Week 2020 (February 24-29) and continue throughout the year.

 

The America Saves Summit: Attacking the Savings Crisis will include CFPB Director Kathy Kraninger and FDIC Director Mark Pearce along with other prominent leaders from the government, private industry, financial services, academia, the military, the nonprofit sector, and the media for in-depth conversations about the current status of saving in the United States. “This effort will feature virtually every major player in a national effort to get consumer savings back on track,” said Jack Gillis, Executive Director of Consumer Federation of America, the parent organization to America Saves.

 

At the America Saves Summit: Attacking the Savings Crisis, an incredibly diverse set of stakeholders will outline a variety of strategies designed to address the savings crisis in a nationally coordinated effort. The overarching goal is to significantly increase the number of consumers who take advantage of direct deposit and engage in “split to save,” or automatic saving behaviors. “This summit will be a call to action by the stakeholders who will outline varied programs to significantly reduce the number of Americans who find it difficult to save even $400 for an emergency,” said Barany.

 

America Saves Summit details:

Date: Wednesday November 6, 2019

Time: 8:30 am to 5:00 pm

Location: Public Welfare Foundation - 1200 U Street NW 

 

America Saves is a campaign managed by the nonprofit Consumer Federation of America that uses the principles of behavioral economics and social marketing to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. America Saves encourages individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Learn more at americasaves.org and americasavesweek.org.

54 Ways to Save Money

Savings Tips
Written by Super User · 01 October 2019

You’ve just taken the America Saves Pledge, or perhaps you simply need some inspiration for ways to save your money -- either way, we’re glad you’re here. Buckle up! It’s about to get REAL around here as we share 54 ideas to save some dinero. Let’s dive in by first establishing some general savings ideas to get you #ThinkingLikeASaver.

Best Summer Ever Challenge Resources

Written by · 08 July 2019

We encourage you to share the following social media post and graphic with your constituents, partners, and the general public. For more information on the Best Summer Ever Challenge, view the official rules & information page here


America Saves is encouraging and REWARDING you for having the Best Summer Ever! Enter to win the $100 Grand Prize and you could snag a Weekly Summer Prize Pack, too! Click to learn how to enter: https://bit.ly/bestummereverAS

Facebook | Twitter | Instagram

 

 

 

 

The America Saves Summit: Attacking the Savings Crisis

Written by · 17 July 2019
 
 

Wednesday, November 6th - 8:30 am - 5:00 pm

Public Welfare Foundation
1200 U Street NW, Washington, DC

Online registration is now closed, on-site registration will be available at 8am on Wednesday Nov 6

The America Saves Summit: Attacking the Savings Crisis will feature prominent representatives from the government, private industry, financial services, academia, the military, the nonprofit sector, and the media for an in-depth conversation about the current status of saving in the United States. To meet the challenge presented by the savings crisis, diverse stakeholders will relay current efforts and planned strategies with an emphasis on what we can all do together to make a difference.
At the conclusion of the Summit, participants will be called to action to help reduce the number of Americans who find it difficult to save even $400 for an emergency.

Agenda

8:30am Coffee & Light Breakfast

9:00am Welcome and Introduction
Jack Gillis, Executive Director, Consumer Federation of America | @ConsumerFed
George Barany, Director, America Saves | @AmericaSaves

9:15am Understanding the Savings Crisis
Rachel Schneider, Founder/CEO of Canary, Co-author of The Financial Diaries | @RachelSchneider

9:45am Saving Automatically Through Work – the Need and Opportunity

Introduction: Courtney Howard Hodapp, Head, Office of Nonprofit Engagement, JPMorgan Chase & Co. | @Chase

9:50am Panel I - Service Members, Spouses and Families

Moderator
Jen Hemphill, AFC®, military spouse, author, and podcast host, Her Dinero Matters | @JenHemphilll

Panelists
JJ Montanaro, CFP®, Relationship Director, Military Advocacy Group, Military Affairs, USAA | @USAA)
Andi Wrenn, AFC®, PFC Provider Network Program Manager, Zeiders Enterprises, Inc. | @ZeidersEnterprises

10:30am Panel II - Youth Employment Programs

Moderator 
Carla Decker, President & CEO, DC Federal Credit Union | @DCCreditUnion

Panelists
Cathey Ector-Cox, Director of Youth Services, City of Raleigh | @RaleighGov
Tracy Frizzell, Director, Economic Awareness Council, City of Chicago | @OnTheMoney13

11:10am Panel III - Adult Employees

Moderator
Deborah Winshel, Managing Director, Global Head Social Impact, BlackRock | @BlackRock

Panelists
Jason Ewas, Director, Economic Mobility Lab, City of Boston | @CityofBoston
Tony Pietranton, Executive Vice President, Human Resources, WesBanco | @WesBanco
Susan Weinstock, Vice President, Financial Resilience Programming, AARP | @AARP

12:15pm Lunch

1:00pm Attacking the Savings Crisis

Introduction
George Barany, Director, America Saves | @AmericaSaves

Speakers
Kathy Kraninger, Director, Consumer Financial Protection Bureau | @CFPBDirector
Mark Pearce, Director, Federal Deposit Insurance Corporation | @FDICgov

2:00pm Changing How Americans Save in 2020

Moderator
George Barany, Director, America Saves | @AmericaSaves

Panelists
Christian Bohmfalk, Senior Vice President, Consumer Savings Executive, Bank of America, | @BankofAmerica
Harry Dalessio, Senior Vice President and Head of Prudential Retirement's Full Service Solutions | @Prudential
Donald Felix, Senior Vice President, Lead Financial Health, JPMorgan Chase & Co. | @Chase

3:00pm Attacking the Savings Crisis (continued)

Introduction
George Barany, Director, America Saves | @AmericaSaves

Speaker
The Honorable Rodney Hood, Board Chairman, National Credit Union Administration | @TheNCUA

3:20pm Influencing Americans to Save

Moderator
Jim Lake, Vice President, Michael Walters Advertising | @MWAinChicago

Panelists
Laura Harders, Founder, Beltway Bargain Mom | @BeltwayBargain
Sybil Jones, Founder, Mamas and Coffee | @MomJonz
Bianca Strzalkowski, Managing Editor, AmeriForce Media | @Ameriforce

4:20pm Motivating Automatic Saving - America Saves Week 2020

Speaker
Luke Reynolds, Chief, Outreach and Program Development, Federal Deposit Insurance Corporation | @FDICgov

4:30pm Call to Action

4:45pm Adjourn


Hotel Guide

Download the Summit Hotel Guide


FAQ's

When is the Summit?
The Summit will be held on Wednesday, November 6, 2019.

What time is the Summit?
The Summit will begin at 8:30am and will conclude at 5:00pm.

Where is the Summit being held?
The Summit is being held in the Lankford Auditorium of the Public Welfare Foundation building at 1200 U Street NW.

What is the closest metro stop to the Summit?
The closest metro station to the Summit is the U St African-Amer Civil War Mem’l/Cardozo stop on the Green and Yellow lines. Once you exit the train, follow signs to the 13th Street station exit. Once you exit the station, the Public Welfare Foundation building will be on your right at the corner of 12th and U Streets.

How do I find more information about DC public transportation?
Please visit www.wmata.com for more information about DC public transportation including train and bus schedules and a trip planner.

Will the Summit be live streamed?
The Summit will not be live streamed however portions of the conference content may be made available at the conclusion of the event at www.americasaves.org.

Will there be food? What if I have dietary restrictions?
A light continental breakfast and coffee will be available beginning at 8:30am and lunch will be available at noon. Dietary restrictions can be submitted during the registration process.

Is there a hotel room block?
We are not reserving a block of rooms for this event. The Public Welfare Foundation is located in the Shaw neighborhood of Washington, D.C. For the economic traveler, we recommend using Hotwire, Expedia, or AirBnB. A list of hotels nearby can be found here.

What is the deadline for Summit registration?
Online registration will close on Friday, November 1. Onsite registration may be made available depending on capacity.

Is the Summit venue ADA accessible?
The Public Welfare Foundation is ADA accessible and other access services will be provided upon request. Please notify America Saves if other access services are required.

Will the Summit be live streamed?
Be sure to follow America Saves on social media and the hashtags #SavingsCrisis #SavingsCrisisSummit for updates and live streams from the America Saves Summit. We also look forward to interacting with you beyond the Summit and continuing the conversation around our mission - to encourage and motivate Americans to save effectively and successfully.


Registration

Online registration is now closed, on-site registration will be available at 8am on Wednesday Nov 6

Best Summer Ever Bucketlist Challenge

Written by · 14 June 2019
Throughout the month, share a photo or video enjoying low-to-no cost summer fun activities. Simply post your video or photo with a caption to Facebook and/or Instagram using the hashtag #BestSummerEverAS.
 
That’s it! Each Monday in July (7/8, 7/15, 7/22, 7/29), we’ll announce a Weekly Summer Prize Pack Winner. On August 1st, we’ll announce our $100 GRAND PRIZE WINNER!
 
  1. Participants must take the America Saves Pledge or repledge.
  2. Participants must post on Facebook and/or Instagram using the hashtag #BestSummerEverAS.
  3. Your #BestSummerEverAS post must be made public to show up in the hashtag category.
  4. Prizes not claimed via This email address is being protected from spambots. You need JavaScript enabled to view it. or direct message within 72 hours will be forfeited.

If you have not taken the America Saves Pledge yet, you can do it here:

Take the Pledge

 
Be sure to follow us on social media for daily ideas and inspiration on free and low-cost summer fun, as well as a peek at our summer prize pack!
 
 
Entering into the challenge gives America Saves permission to repost and share the submitted caption, photo and/or video in our content, including America Saves social media platforms, website, and email communication.
 

Tip of the Day

  • Written by Administrator2 | January 13, 2014

    Never purchase expensive items on impulse. Think over each expensive purchase for at least 24 hours. Acting on this principle will mean you have far fewer regrets about impulse purchases, and far more money for emergency savings. http://ow.ly/sj972

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