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Asset Building Lesson 3: Policy Options

The slides will advance themselves on a timer, but you can use the controls at the bottom to pause, skip ahead, or repeat something. Make sure to wait when the slides titled “Reid Cramer” and “Rachel Black” appear to hear them talk about asset building policy options.


“Economic well-being is a function of having access to both income and assets [savings, stock, homeownership], which can be invested and deployed productively over a lifetime.”

In this lesson you will learn about two major asset-building policy options: the ASPIRE (America Saving for Personal Investment, Retirement, and Education) Act and the Saver’s Bonus Act. The ASPIRE Act, as explained by Reid Cramer (Director of the Asset Building Program at the New America Foundation), encourages savings, promotes financial literacy, and expands opportunities for children. The Saver’s Bonus Act, as explained by Rachel Black (Policy Analyst in the Asset Building Program at the New America Foundation), would allow low-income families to receive a dollar match for each dollar of their tax refund they deposit into a savings account.