Save for Your Future

More than a quarter of Americans are without assets–living paycheck to paycheck without savings or investments in equity like a home or small business. Evidence shows that with training and incentives, even the lowest income Americans can break this cycle and begin saving and planning for a better future. Asset development:

  1. Promotes financial literacy, saving and access to mainstream banking
  2. Promotes Earned Income Tax Credit (EITC) and other benefits claims and access to free/reduced tax preparation services
  3. Provides incentives to invest in appreciable assets for long-term prosperity.

Asset building provides innovative ways to improve local economies and the lives Washington residents.

Many areas are now starting coalitions and expanding their asset building work. CTED offers start-up support and free consultation for asset building activities in local communities. To find out who in your community is providing Asset Building services, link here or here for a list of Individual Development Account contractors. Contact Paul Knox at 360-725-4140 for more information.

To review WABC Policy Principles, click here.

For more information about IDAs and other asset-building strategies, visit: