Events 2014 Financial Behaviors Events Financial Inclusion Events

The Tax-Man Giveth? Refunds, Savings, and Promoting Economic Security

Date: February 25, 2014
Washington, DC 


​In collaboration with the New America Foundation       
Tuesday, February 25, 2014
9:00 a.m. – 10:30 a.m.  
New America Foundation
1899 L Street NW, Suite 400
Washington, DC 20036


Millions of Americans are waiting for their big tax refund. Most have already spent the money before it arrives. What if there were a way to turn that moment upside down? What if we could get millions of Americans to apply their refunds to building financial security by paying down debt, saving for an emergency, or building a nest egg? In 2013, Intuit, Inc. (the makers of TurboTax), the Center for Social Development at Washington University in St. Louis, and Duke University launched Refund to Savings, the largest intervention of its kind, to see if simple changes integrated into the tax filing process could help striving families set aside part of their refund for saving. The result? Almost $6 million saved by families earning less than $11,000 a year. Please join the Center for Social Development and New America’s Asset Building Program to discuss key findings of the Refund to Savings experiment and explore how these lessons can inform broader policy efforts to help families build healthy balance sheets.
Join the conversation online using #TaxTimeSavings and following @AssetsNAF.     
Agenda: Welcome:
Reid Cramer
Director, Asset Building Program, New America Foundation
Phillip Poirier
Vice President, Government, Consumer Division, Intuit, Inc.Presentation:
Dan Ariely
James B. Duke Professor of Psychology & Behavioral Economics, Duke University


Michal Grinstein-Weiss
Associate Professor, George Warren Brown School of Social Work
Associate Director, Center for Social Development, Washington University in St. Louis
Featured Speakers:
Ray Boshara
Senior Advisor and Assistant Vice President, Federal Reserve Board, St. Louis 
Director, Center for Household Financial Stability

Rourke O’Brien
Senior Policy Advisor, US Department of Treasury

Amy Brown
Program Officer, Ford Foundation

For questions, contact Kirsten Holtz at New America at (202) 735-2806 or