Savings for the Poor

Savings for the Poor

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Although cost-cutting is the driving force behind the move to a virtually all-electronic federal payment system, Michael Stegman believes the initiative has a far broader potential: to bring poor Americans into the banking mainstream.In Maine, financial institutions that supported IDA legislation have proposed creating a joint IDA bank in order to share the costs and ... to administer an IDA program, has collaborated with the Purdue University Cooperative Extension Service to develop a ... This five-session course includes lessons on money management, understanding and managing credit, financial ... In Missouri IDA savings can be used to make major repairs or improvements to a home; in Maine withdrawals areanbsp;...

Title:Savings for the Poor
Author:Michael A. Stegman
Publisher:Brookings Institution Press - 2010-12-01


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