A Tax Time Bonus as a First Step to Saving

Please note that the time and location of this event have changed

The New America Foundation and the City of New York invite you to a Hill Staff-Only briefing to discuss opportunities during the next Congress to increase the financial security of low-income households. The briefing has been arranged with the help of Senator Robert Menendez (D-NJ) and Representative Peter King (R-NY). 
 
The basis for this policy briefing is the success of the $aveNYC initiative. For the past three years, New York City has been testing ways to help families build up their own resources so that they are more financially stable and able to stand on their own feet when faced with tough economic circumstances. $ave NYC has tested the idea that low- and moderate-income families can save and invest in themselves and their own financial security. By making savings easy, immediate and rewarding, the program helped families to take the first step, saving for future emergencies and improve their economic security.

Beginning in 2011, this successful approach will be expanded to Newark, NJ, San Antonio, TX, Savannah, GA, and Tulsa, OK as part of the $aveUSA initiative through the Social Innovation Fund at the Corporation for National and Community Service.

This briefing will examine the results of $aveNYC and explore the potential of this idea on a national scale.

Participants

Featured Speakers
Deputy Mayor Linda Gibbs
New York City

Commissioner Jonathan Mintz
Department of Consumer Affairs
New York City

Reid Cramer
Director, Asset Building Program
New America Foundation