SaveUSA, an asset development program that encourages low-and moderate-income individuals to set aside tax refunds for savings. Launched in 2011 in four cities – New York City, Tulsa, Newark, and San Antonio – SaveUSA provides a 50 percent matching incentive if eligible households maintain a pledged amount in savings for about one year. According to the evaluation report, approximately two-thirds of the SaveUSA group received at least one savings match during the 42 months and across the group, the program increased the percentage of individuals with nonretirement savings by almost 8 percentage points. Read the full report here.
EITC Funders
