SaverLife Member policy agenda
These are the policies members say would give them the ability and opportunity to save, establish financial stability, achieve resilience, and build wealth for generations to come.
SaverLife’s policy agenda reflects our members’ top priorities
The ability to save money is key to financial well-being and a critical first step to building long-term economic and social mobility. However, too many households—especially households of color—are locked out of the opportunity to build wealth.
Why? Because despite working towards greater financial stability, the families we serve – and millions like them – are strapped for time and money, and forced to make challenging tradeoffs to care for their families and plan for the future. Despite the barriers our society builds to keep them out, they work hard to build their savings for a brighter future. Sixty percent of SaverLife members increase their savings balances every month, yet only 14% can sustain increased balances over time.
SaverLife’s Member policy agenda
This agenda reflects their perspectives. These are the policies members say would give them the ability and opportunity to save, establish financial stability, achieve resilience, and build wealth for generations to come.
Creating financial stability
For most people, saving is difficult when today’s financial realities are unpredictable and overwhelming. Far too many families teeter on the edge of crisis, living paycheck to paycheck, lacking sufficient income to pay for the next month’s rent, daycare, utility bills, or put food on the table.
We support
Building financial strength
Financial strength is the ability to withstand and recover from temporary financial hardships and disruptions. It is the remedy for economic downturns, enabling households to manage their finances when times are tough. When people fall on hard times, all people should have the financial strength to withstand them and recover.
We support
Forging economic mobility
Financial strength is the ability to withstand and recover from temporary financial hardships and disruptions. It is the remedy for economic downturns, enabling households to manage their finances when times are tough. When people fall on hard times, all people should have the financial strength to withstand them and recover.
We support
SaverLife harnesses our unique and valuable assets – the proximity and connection we have with over members and our robust, real-time data set to ensure that they are not left on the sidelines of policy-making that affects their lives.
We seek to replace the myths of poverty and “deservedness” with a new narrative about how public policies and private sector practices are holding back households living with low-incomes, particularly households of color. Alongside our members, we will work to overcome entrenched systemic barriers to create a more inclusive financial system that supports the priorities of all families, and that will create wealth for everyone, regardless of race, gender, birthplace, address, or education level.
Member stories
Our members are the heart and soul of everything we do, which is why we make sure they have opportunities to share their stories.
