Other Savings Approaches

OTHER SAVINGS APPROACHES: Policy

Non-retirement saving

In this policy: FederalState

Consumers should have access to a range of safe, reliable, affordable, and customizable emergency and short-term savings options, including through payroll deduction or direct debit.

Policymakers should eliminate administrative and policy barriers to employers offering employees access to automatic enrollment into multiple savings accounts for both retirement and non-retirement purposes.

States should change their laws to allow banks, credit unions, and other financial institutions to offer prize-linked savings opportunities.