Journal Article

Using financial innovation to support savers: from coercion to excitement


Abstract: The simplest ideas for helping Americans save may be the most powerful. One process innovation would allow workers once again to purchase U.S. Savings Bonds on their tax returns. An example of a product innovation is a savings account tied to winning a prize.

Keywords: Savings bonds; Savings accounts;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Communities and Banking

Publication Date: 2009

Issue: Spr

Pages: 6-8