Building Emergency Savings
September 20, 2012 2:00 pm - 3:15 pm
Room: Delaware A
About half of Americans are unprepared for a financial emergency - with savings tucked away to cover less than three months’ worth of expenses if income was lost - and a quarter of the country has no rainy day fund whatsoever. With so many Americans losing stable income during the first recession, and so many emergency funds being depleted as a result, a greater number of people are now at risk of having to rely on credit if they again find their income reduced. In this session, participants will learn about new initiatives to help families build emergency savings, including a matched emergency savings program and a pilot to seamlessly convert loan payments to savings deposits.
Speakers:
- Ingrid Holguin, Opportunity Fund (Presentation - PDF)
- Karen Smith, Montana Credit Unions for Community Development (Presentation - PDF)
- Kasey Wiedrich, CFED (Moderator)
