University of Wisconsin–Madison
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The Balance Sheets of Low-Income People

J. Michael Collins, director of the Center for Financial Security, explains some of the efforts behind getting more low-income people to save money and talks about the challenges in developing good policy and helpful financial products for the underbanked population.
For more on this, check out the following links:
• FDIC Underbanked research
http://economicinclusion.gov/
• US Government site on money management
http://www.mymoney.gov/myresources.html
• Industry collaborative to create products for the underserved
http://cfsinnovation.com/

Categories

Economic Support, Financial Security, Inequality & Mobility, Means-Tested Programs, Wealth