Center for Public Policy Priorities

Expanding Household Savings in Texas: A Joint Effort of CPPP and RAISE Texas 

OUR WORK

Center for Public Policy Priorities (CPPP) and RAISE Texas  work collaboratively to expand household savings in Texas.  With CPPP’s expertise in research and advocacy and RAISE Texas’ network of organizations advancing products, programs and activities that help Texans build financial stability. We collaborate to maximize impact. 

 

Our goal is for all Texans to have sufficient savings that increase financial stability and access to college. We work to integrate financial education and savings activities into statewide platforms, such as schools and the workplace.

 

The following are our past and present areas of work:

  • Children’s Savings Accounts (CSAs) for College:  We are working to expand children’s savings accounts for college in Texas in partnership with public schools by connecting CSA programs to Texas’ mandated financial education curriculum.

  • Employer-Based Asset Building: We are advancing the workplace as a platform to expand employer-based asset building programs including retirement and automatic savings programs.

  • Tax-Time Savings (past): From 2011-2015 we developed and funded the Tax-Time Savings Project, which helped Texas VITA filers increase household savings and reduce asset poverty by encouraging them to save a portion of their tax refund in either a savings bond or a matched savings account. While complete, this project enabled us to learn what works and doesn’t work in getting VITA sites to promote savings at tax time and has led local VITA sites to integrate tax-time savings into their VITA work.


RESOURCES

Children's Savings Accounts
Assessing Financial Capability Outcomes
research brief and implementation brief

Workplace Assets Building Programs

Savings Made Simple: An Evaluation of an Employer-Based Automatic Savings Program in Austin, TX



Savings

About CPPP
Center for Public Policy Priorities is an independent public policy organization that uses data and analysis to advocate for solutions that enable Texans of all backgrounds to reach their full potential. We dare Texas to be the best state for hard-working people and their families.\ Connect with us on Facebook 

About RAISE Texas 
RAISE Texas works to promote policies and programs that foster financial success and economic stability for all Texans.

 

CPPP and RAISE Texas have been formally collaborating since 2010.  Our joint work was formerly called OpportunityTexas.

Contact
Laura Rosen, CPPP Policy Analyst, coordinates CPPP and RAISE Texas’ joint work


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