It might not have the allure and excitement of Spring Break hijinks, but over 1,550 organizations across the United States this week are promoting personal savings. They’re encouraging workers to assess their fiscal situations status as part of “America Saves Week.”
Started in 2007, it’s an “annual opportunity for organizations to promote good savings behavior,” according to organizers.
Participating groups include military installations; nonprofit organizations; banks and credit unions; academic institutions; local, state, and federal government agencies; and employers.
The following daily themes will run for the remainder of the week:
Wednesday, February 28: Save for rainy days
Thursday, March 1: Save to retire
Friday, March 2: Save the extra
Saturday, March 3: Save as a family
“Individuals today hear many messages about spending, so it is critical to have programs such as America Saves Week that focus on saving,” Employee Benefit Research Institute president and chief executive officer Lori Lucas said in a statement. “As the education arm of the Employee Benefit Research Institute, it is ASEC’s mission to help inform and educate individuals on the steps they can take to save for their long-term financial security, and America Saves Week is an important part of that work.”
“It is an honor for the Internal Revenue Service to partner with America Saves to help expand financial education and awareness across America,” added Frank Nolden, director of the U.S. Internal Revenue Service’s Stakeholder Partnerships, Education and Communication (SPEC). “With the current tax filing season upon us, this is a perfect time for individuals to explore ways they can save a portion of their tax refund. Three easy ways people can save is to choose to direct deposit all or part of their tax refund into a retirement savings account, a regular savings account or purchase U.S. Savings Bonds when filing their tax return. All are safe, easy and smart ways to save.”
Click here to see a list of groups, by organization type and state, participating in America Saves Week 2018.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
