“A Toolkit for Expanding Financial Capability at Tax Time” is now available and free to download. The 70-page book presents the current evidence underpinning various tax-time efforts to expand financial capability among low- and moderate-income households.
Tag: Refund to Savings (R2S) News
CSD hosts CFPB financial education and tax-time savings events
With the Center for Social Development as a partner, the Consumer Financial Protection Bureau held two events in June at the George Warren Brown School of Social Work.
Study: Societal savings from fewer missed housing payments offset some ACA costs
Low-income people who gain health insurance are much more likely to make their rent and mortgage payments, according to a new Washington University study of families living near the poverty line.
Study: Interventions can help families better save tax refunds
Motivational prompts to save tax refunds and suggested savings amounts for the tax refund can increase saving among low- and moderate-income households, finds a new experimental study from the Brown School at Washington University in St. Louis.
Study: Tax-return delay could hurt low-income families
Millions of low- and moderate-income Americans who claim certain tax credits will have to wait weeks longer than usual this year for their federal income tax refunds because of a new law aimed at reducing fraud.
Home delinquency rates lower among ACA households
Families who get health insurance through the Affordable Care Act are significantly more likely to make their rent and mortgage payments than are those who remain uninsured, suggests a new study from the Brown School and Olin Business School at Washington University in St. Louis.
How student debt increases odds of financial struggle
Students who come out of college with debt — especially larger amounts — are more likely to face hardship and financial difficulty during their lives, finds a new study from the Center for Social Development at Washington University in St. Louis.
CSD research reveals racial disparities in education debt
New research from the Center for Social Development at Washington University showed that low- to moderate-income black students and graduates accrued $7,721 more education debt than their white counterparts.
Senators propose ‘Rainy Day’ act to urge Americans to save
Just days before this year’s April 18 tax filing deadline, U.S. Sens. Cory Booker (D-NJ) and Jerry Moran (R-KS) proposed a plan to encourage Americans to build emergency funds.
Experts explore how to urge Americans to save part of tax refund
In the midst of the 2016 tax season, leaders from philanthropy, policy, practice and academia convened in at the Federal Reserve Bank of New York for a symposium about using tax time to build Americans’ financial capability.
Tax preparer’s toolkit shows why tax time is great time for families to save
The Volunteer Income Tax Preparer’s Toolkit: Showing Clients Why Tax Time is the Right Time to Save is a communications and resource guide for tax preparers on encouraging clients to save a part of their refund at tax time.
IDA experiment reveals financial peril facing low-income families
An experimental Individual Development Account had no effect on whether participants opened a retirement account or on the adequacy of their retirement savings, according to a newly published article in the Journal of Gerontological Social Work.
Tax-time savings programs help low-income families save refunds, study finds
Tax-time savings programs help low- and moderate-income families save significantly more of their refunds than those who choose not to participate, finds an analysis of such a program called $aveNYC.
Grinstein-Weiss alerts U.S. senators to ‘golden moments’ for savings
The associate director of the Center for Social Development urged U.S. senators on Thursday to create long-term asset-building policies and to use such “golden moments” as tax time to urge Americans to save.
Chicago event focuses on creating savings opportunities
The 80 experts attending the event were brought together by a common interest in creating strategies for using the “golden moment” of tax time to help Americans build savings by changing the way consumers make economic decisions.
CSD partners with St. Louis Fed on balance sheet symposium
The Center for Social Development at Washington University in St. Louis built on an already engaged and productive relationship this month when it co-sponsored a symposium with the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.
‘Refund to Savings’ tax-time savings experiment has impact on household finances
As the 2014 tax season opens, the Refund to Savings initiative continues with adjustments designed to better understand consumer savings behavior and help more Americans build savings.
Savings experiment helps taxpayers make the most of their refunds
As taxpayers make the final push to file before the April 15 deadline, they often have visions of refund checks and plans to spend their windfall. But the question that more and more people are asking is, “How can I make the most of my refund?”
‘Refund to Savings’ program largest-ever national savings experiment
The 2013 tax season has officially launched, and there is a 75-percent chance taxpayers will be eligible for a refund. What would it take to get them to save most, or all, of that money?
CSD announces asset-building expert Michal Grinstein-Weiss as associate director
Grinstein-Weiss is a nationally and internationally recognized expert in the field of asset building whose research focuses on developing programs and policies to promote economic and social development of vulnerable groups.