Advancing Economic Mobility Through Savings

"This is going to be a different
recovery than the past, because Americans are going to have to save more." –Tim Geithner, US Secretary of the Treasury

Saving is a key to economic mobility as well as
economic recovery. Despite the critical importance of savings, most Americans,
especially those with low incomes, are not saving enough. Federal policy
encourages saving for the wealthy, but for low-income Americans saving is often
discouraged and the path to self-sufficiency is made more difficult.

The Congressional Savings and Ownership Caucus is a
bipartisan group of Members dedicated to raising awareness about the importance
of boosting personal savings, individual ownership of wealth, and financial
education. Please join the Asset Building Program of the New America
Foundation, the Economic Mobility Project of the
Pew Charitable Trusts, and members of the Congressional Savings and Ownership
Caucus as they launch the Caucus for the 111^th Congress.

The event will feature the release of a timely new
report by The Economic Mobility Project, A Penny Saved is Mobility Earned: Advancing Economic Mobility through
Savings. This report, with contributions by Reid Cramer and
Rourke O’Brien, demonstrates the connection between savings and mobility,
identifies barriers to saving, and lays out concrete steps to help Americans
achieve improved economic mobility and realize the American Dream.

Participants

Congressional
Savings and Ownership Caucus Co-Chairs
The Honorable Jim Cooper (D-TN)
The
Honorable Thomas Petri (R-WI)
The
Honorable Earl Pomeroy (D-ND)
The
Honorable Joseph Pitts (R-PA)

Presentations
Reid
Cramer
Director, Asset Building
Program
New America Foundation

Rourke
O’Brien
Research Fellow, Asset Building
Program
New America Foundation

Featured
Speaker
John
Morton
Managing
Director, Economic Policy
Pew Charitable Trusts