What Motivates Low Income Earners to Save Money? (Part 5)

View this EARN webinar from Wednesday, June 16th, to learn about what motivates low income earners to save money and to continue saving over time.

A recent qualitative research study by EARN found that participation in a matched savings program such as an Individual Development Account (IDA) led to a sustained pattern of saving for 83% of participants. As IDA programs continue to grow, it is important to understand the effectiveness of such a program and its implications for policy change.

This groundbreaking research serves a first step in such a discussion and answers three main questions:
• Do workers who complete matched savings programs continue to save beyond the program?
• What are the mechanisms and circumstances that allow for continued savings?
• Does participating in a matched savings program correlate with increased civic engagement?

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Nonprofits & Activism

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