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Using financial innovation to support savers: from coercion to excitement

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Author Info
Peter Tufano
Daniel Schneider
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.

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File URL: http://www.bos.frb.org/commdev/c&b/2009/spring/Tufano_Schneider_savings_innovations.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Boston in its journal Communities and Banking.

Volume (Year): (2009)
Issue (Month): Spr ()
Pages: 6-8
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Handle: RePEc:fip:fedbcb:y:2009:i:spr:p:6-8

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Related research
Keywords: Savings accounts ; Savings bonds;

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This page was last updated on 2009-12-12.

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