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|
Friday October 23
9:30 am - 3:30 pm
Thursday October 22
6:00pm to 8:00pm
Friday October 23
Investment Company Institute
1401 H Street NW, Washington DC, 12th Floor
9:30am to 3:30pm
Thinking and Acting Like a Saver
Saving for a Large Purchase
Information About Credit Scores
Financial Literacy in College
Pay Day 101: Real Students - Real Stories - Real Success. Get Certified with Plan2Achieve, organized by the Economic Awareness Council, Young Illinois Saves, and other partners; qualify for free bank accounts, savings incentives, scholarship opportunities, and more. Young Illinois Saves is a statewide, collaborative, campaign to increase teen and young adult saving and financial literacy. The Young Illinois Saves coalition is chaired by the Economic Awareness Council.
Set a Goal and Save with Philadelphia Saves
Teens: What Should You Look For in a Bank Account?
Whether it is $1, $2, or more it is important to pay yourself first
Savings is not that hard it is really a matter of distinguishing our wants from our needs