11/19/2009 - Saving is a key to economic mobility as well as economic recovery. But, despite the critical importance of savings, most Americans – especially those with low incomes – are not saving enough. Federal policy encourages saving for the wealthy, but for low-income Americans saving is often discouraged and the path to self-sufficiency is made more difficult.
John Morton, Managing Director of Economic Policy for The Pew Charitable Trusts, spoke at an event to present the report: A Penny Saved is Mobility Earned: Advancing Economic Mobility through Savings. The event was hosted by the Congressional Savings and Ownership Caucus.
View John Morton's speech on YouTube.