5th
JUL

Savings for the Poor? What a great idea!

Posted by admin under Getting By In Israel, Self Improvement, Social Justice, Solutions to Poverty, Unemployment, What can "I" do, What can THEY do

Matched Savings

Matched Savings

What a great idea! Under a very intuitive program that EVERY state in the USA has, low-wage workers can have a matched deposit made to savings accounts set up for such things such as educational savings, savings towards starting a business, buying a new home and more. What a great idea! (sorry for being repetitive…) Here’s more, all made possible by this program:

A San Francisco healthcare worker decided to break the cycle of poverty. Now the 38-year-old is a college graduate on the cusp of opening her own business. She is also raising a high-achieving teenager who is in position to win merit-based college scholarships.

She attributes her life’s 180-degree turn to two things: a new attitude and a savings account with matching funds provided to low-income participants. Read the rest here.

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