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Program Aims to Help Low-Income Families Save

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Program Aims to Help Low-Income Families Save

U.S.

Program Aims to Help Low-Income Families Save

Program Aims to Help Low-Income Families Save

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  • <iframe src="https://www.npr.org/player/embed/4181363/4181364" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Creating a nest egg is considered key for people trying to beat poverty. An experimental program called IDAs — individual development accounts — help low-income people save money. The program matches savings twice — up to $2,000 — by the federal government and a community- based non-profit. IDAs have helped some 20,000 working-poor families begin to accumulate assets. From San Francisco member station KALW, and New California Media, Holly Kernan reports.