Leading researchers, practitioners and policy experts on the social safety net and tax policy gathered to discuss how households experience income volatility and ways current policies help or hinder families predict and plan for tax obligations and windfalls. The conversation included insights from research published by the Urban-Brookings Tax Policy Center “Income Volatility: New Research…

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Highlights: Financial Empowerment and the Tax Time Moment

  Intuit Tax and Financial Center, the National Consumer League, and the American Bankers Association Foundation hosted a Capitol Hill event, with a keynote from U.S. Treasurer Jovita Carranza, on ways that consumers can use tax refunds to benefit their financial health, as well as ways the government is helping people make the most of their Tax…

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“In spite of all the complexity, the tax season can be a very powerful time to encourage individuals and families to review their finances and to commit to saving for the future,” said the Honorable Jovita Carranza, Treasurer of the United States, in her keynote remarks at the September 25th event Financial Empowerment and the…

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The Demand for Small Dollar Loans

An unbelievable forty-four (44%) percent of adults say they either could not cover an emergency expense of $400, or would cover it by selling something or borrowing money, according to the 2016 Federal Reserve’s Report on the Economic Well-Being of U.S. Households. Obviously, access to credit helps people manage the unexpected expenses that are a part…

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It’s tax time again.  While it may not be everyone’s favorite time of the year, for millions of Americans it also means refund time.  And, with tax reform now at the top of the national agenda, it’s also worth remembering that the annual tax filing ritual has tremendous potential benefits. In fact, direct citizen engagement…

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The Asset Learning Conference Recap: How Tax Time Can Build Financial Security

At first glance, it may seem that the ideas of paying taxes and helping people build financial security are at odds with each other. And that Internal Revenue Service Commissioner John Koskinen would be an unlikely headliner at the Corporation for Enterprise Development’s biennial Assets Learning Conference. Those perceptions would be wrong. Speaking during the…

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After a multi-year decline in the personal savings rate, economists now say the average American household is on track to set aside more than five percent of their annual income. For many households, an increase in personal savings means a greater ability to pay for college educations, start a small business, cover personal emergencies or…

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As someone who thinks everyday about building and nurturing consumer financial health through my work with Mint, I was thrilled to talk about innovation at scale at The Center for Financial Services Innovation’s (CFSI) Emerge 2016 Forum. Emerge is a leading annual conference for those in the financial services and technology space working to innovate…

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Bank Account Ownership and Financial Wellness

According to a new study from The Center for Social Development at Washington University, many low-income households move in and out of using mainstream financial services, and on average, those with bank accounts are more financially secure than those who are unbanked. Unbanked is the common term used to describe households lacking both a checking…

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“Financial health and well-being is about pursuing dreams and reducing stress. The products and tools individuals use daily and their choices and decisions either help or hinder them in their quest.” This excerpt from What’s It Worth? Strengthening the Financial Future of Families, Communities, and the Nation comes from the essay written by Jennifer Tescher…

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