America Saves is pleased to make America Saves for Young Workers their commitment to action as part of the Clinton Global Initiative. CGI America commitments are new, specific, and measurable plans to address economic recovery and growth in the U.S. America Saves’ commitment to action seeks to encourage first time workers to save by introducing them to direct deposit and automatic saving during their employee orientation.
9:00 am – 9:30 am Welcome & Opening Remarks
America Saves 2015 and Beyond, Nancy Register, Associate Director, Consumer Federation of America, @AmericaSaves
Recognition of Bank and Credit Union Designation of Savings Excellence, Stephen Brobeck, Executive Director, Consumer Federation of America, @ConsumerFed
9:30 am – 10:45 am Workplace Savings
Workplace savings has been a focus of America Saves since the launch of the campaign over ten years ago. There are compelling reasons for this. Research from a variety of sources as well as information from individual savers show that employers who offer direct deposit and facilitate automatic savings substantially improve the financial health and well being of their employees. This panel will explore how employers are supporting successful saving with products and services that assist workplace saving for non-retirement goals, and promising innovations that provide the opportunity for young workers to create a life-long habit of saving in the workplace.
- George Barany, Director of Financial Education, Consumer Federation of America, @AmericaSaves (moderator)
- Timothy Flacke, Executive Director, Doorways to Dreams (D2D) Fund, @D2Dfund
- Leigh Brady, EVP, Organizational Development, State Employees’ Credit Union (NC), @NCSECU
- Laura Scherler, Director, Community Impact, Financial Stability & Success, United Way Worldwide, @UnitedWay
- Jacob Dumez, Manager, Policy and Partnerships, San Francisco Office of Financial Empowerment, @SFOFE
- Sarah Newcomb, Behavioral Researcher, HelloWallet, @HelloWallet
10:45 am – 11:00 am Break
11:00 am – 12:15pm Homeownership Savings & Affordable Housing
For more than 70 years, homeownership was considered the cornerstone of the American Dream. Not only did it provide a sense of accomplishment, self-esteem, and pride, it was the most substantial and reliable source of savings for the typical American family. Since the Great Recession and collapse of the housing market, however, the value of owning a home has come into question, particularly within the public policy area. Yet, in spite of increased skepticism about the value of owning, the overwhelming majority of adults continue to view homeownership as a worthwhile goal. This panel will discuss several aspects of the role that savings plays in owning a home and more specifically the Millennials’ view of homeownership.
- James H. Carr, Senior Fellow, Center for American Progress, @amprog (moderator)
- Patricia A. McCoy, Liberty Mutual Insurance Professor, Boston College Law School, @BCLAW
- Marietta Rodriguez, Vice President, National Homeownership Programs, NeighborWorks America, @neighborworks
- Andrew Downin, Innovation Director, Filene Research Institute, @AndrewDownin
- Gary Acosta, Co-Founder & CEO, The National Association of Hispanic Real Estate Professionals, @nahrep
- Don Graves, Deputy Assistant to the President and Domestic and Economic Policy Director for the Vice President, The White House, @whitehouse
12:15 pm – 12:45 pm Buffet Lunch
12:45 pm – 1:30 pm A Conversation with the Comptroller of the Currency
The Honorable Thomas J. Curry, Comptroller, Office of the Comptroller of the Currency, @USOCC
Interviewed by Christiane Gigi Hyland, Executive Director, National Credit Union Foundation, @NCUFoundation
1:30 pm – 2:45 pm Retirement Savings
More and more Americans are challenged to effectively and efficiently save for retirement and have to navigate an increasingly complex financial services field. The panel will discuss products, programs, policies, and services to meet these challenges, ones that are particularly difficult for low to moderate income households. Panelists from government and the private sector will share their solutions for dealing with these complex issues. The discussion will also focus on how to specifically encourage retirement savings by Millennials.
- Dallas Salisbury, President and CEO, Employee Benefit Research Institute, @EBRI
- Melissa Koide, Deputy Assistant Secretary for Consumer Policy, U.S. Department of Treasury, @USTreasury
- Ida Rademacher, Executive Director, Aspen Institute, Initiative on Financial Security, @aspeninstitute
- Courtney Eccles, Policy Director, Woodstock Institute, @WoodstockInst
- Bennett Kleinberg, Vice President, Prudential Retirement, @PrudentialNews
2:45 pm – 3:00 pm Wrap-Up & Call to Action
Nancy Register, Associate Director, Consumer Federation of America, @AmericaSaves
3:00 pm Adjourn
The Council of Economic Advisers’s White House report, October 2014 Link Here
Homeownership Savings & Affordable Housing
A Conversation with the Comptroller of the Currency
America Saves provides a free research-based program to financial institutions that can support and motivate youth to save effectively. The program focuses on 16-22 year olds and starts with youth taking the America Saves Pledge. The program is simple to implement and can effectively impact your youth customers. It allows you to provide your customers with encouragement and support to reach their savings goals and provides useful financial information, links to resources, and ongoing motivation to save regularly. Sign up now to get the free program.
America Saves and its successful efforts to support youth savings have been featured at events sponsored by the FDIC, FLEC, CFPB, DOL, and U.S. Treasury.
The America Saves for Youth Savings initiative provides:
An opportunity for you to Motivate, Communicate, and encourage youth to Take Action.
At the core of the America Saves for Youth Savings program is the America Saves Pledge.
Research shows that those with a savings plan are more likely to spend less than they earn and save the difference than those without a plan. The Pledge does just this. Youth choose a goal, an amount to save, and a time frame to save for – creating the most basic of savings plans. Once they have completed the Pledge, they will receive an automated electronic program that provides ongoing support, resources, and motivation to save regularly through email and/or text messages. America Saves will also be able to share aggregate information with you including, number of people who pledged, top savings goals, and amount pledged to save. You can use this data to describe the savers who pledged through your form and show impact. Once you sign up, America Saves will send you an embed code to place the America Saves Pledge on your website.
The America Saves for Youth Savings program includes the following pieces to help you communicate with youth.
- Sample messaging targeted to young people to encourage them to use direct deposit and save automatically.
- Three 30-second videos on Thinking and Acting Like a Saver, Saving for a Large Purchase, and Information About Credit Scores.
- Research: Top Ten Findings From First-Time Youth Workers About Spending And Saving.
- Once someone has completed the America Saves Pledge, America Saves sends them monthly emails of relevant financial information, videos, and resources, and text message reminders that are specific to their savings goal.
Promote a new or existing wealth building account that will encourage youth to save money and save automatically. Many financial institutions have found success pairing the America Saves Pledge with a savings account. That way, they know those who sign up for the account will be better savers because they have created a plan and will receive follow up support, motivation, and resources from America Saves to save.
America Saves also provides free technical assistance, networking and recognition opportunities for banks, and a national week – America Saves Week – each year to highlight the need to save with saving opportunities provided by thousands of institutional, government, and organizational partners.
For travel reimbursement details, click here.
Tuesday, April 14 Dinner
6 p.m. to 8 p.m.
Ping Pong Dim Sum
1 Dupont Circle, NW
Wednesday, April 15 Meeting
9:30 a.m. to 3:30 p.m.
Investment Company Institute
1401 H Street NW, Washington DC, David Silver Conference Room, 12th Floor
ICI’s security rules require that you be escorted by elevator to our meeting room. Please plan to arrive a bit earlier on Wednesday morning to allow for this. ICI will allow guests to enter the meeting room after 9:00 a.m.
|9:15 a.m. – 9:30 a.m.||Breakfast|
|9:30 a.m. – 10:00 a.m.||
Opening and Introductions
Nancy Register, Director, America Saves, and Associate Director, Consumer Federation of America
|10:00 a.m. – 10:45 a.m.||
America Saves Week 2015
Stephen Brobeck, Executive Director, Consumer Federation of America
Katie Bryan, Communications Director, America Saves/Consumer Federation of America
James Lander, Director, Military Saves
|10:45 a.m. – 11:30 a.m.||Financial Education Resources
Irene Skricki, Senior Financial Education Program Analyst, Office of Financial Education, Division of Consumer Education and Engagement, Consumer Financial Protection Bureau
|11:30 a.m. – 11:45 a.m.||Break|
|11:45 a.m.– 12:30 p.m.||
Saver Pledge Strategies and Website Tips
Tammy Greynolds, Communications Coordinator, America Saves
|12:30 p.m. – 1:00 p.m.||Lunch|
|1:00 p.m. – 1:45 p.m.||MyRA
Andrea Ambriz, Director of Policy and Strategic Engagement, myRA Program, US Department of the Treasury
1:45 p.m. – 2:00 p.m.
|2:00 p.m. – 2:45 p.m.||Americans’ Financial Security: Results of Two Recent Studies
Clinton Key, Research Manager, The Pew Charitable Trusts
|2:45 p.m. – 3:15 p.m.||First-time Worker Focus Group Findings
George Barany, Director of Financial Education, Consumer Federation of America/America Saves
|3:15 p.m. – 3:30 p.m.||Wrap Up|