Savings Matches, Small Dollar Accounts, and Childcare Workers’ Decisions to Save 2012-2015 Appalachian Savings Project

This report and brief summarizes outcomes from the 2012-2015 Appalachian Savings Project. The Women’s Institute for a Secure Retirement (WISER) developed the project to improve the financial security of childcare workers in the mid-Appalachian regions of Ohio and West Virginia. The project aimed to promote participants’ financial security by encouraging them to save through two components:

  • Simulating a refundable Saver’s Credit by providing a 50% savings match, up to a match of $500 each year.
  • Connecting them to a product well suited to small dollar savers, Series I U.S. Savings Bonds. Going forward, WISER will promote the new myRA product rather than savings bonds for the reasons discussed later in this brief.

Read the full report.

Read the summary brief.

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