The primary focus of America Saves Week is to encourage Financial Action – commitments to save, invest and build wealth.
The campaign, which is run at the national level by the Consumer Federation of America, a non-profit consumer advocacy, research and education group, includes Black America Saves and over 50 local organizations and partners with over a hundred national organizations who promote or offer financial education and savings opportunities.
Black America Saves is a nationwide social-marketing campaign in which a broad coalition of nonprofit, corporate, and government groups helps individuals and families save and build wealth. Through information, advice, and encouragement, we assist those who wish to pay down debt, build an emergency fund, save for a home, save for an education, or save for retirement. Many believe that low- and moderate-income families cannot afford to save and build wealth. Yet research shows that there are “savers” and “spenders” in all income classes. While those with modest incomes cannot save as much as the affluent, almost all have the ability to build wealth over time.
Clearly, our economic problems require solutions at all levels, including more responsible lending programs and appropriate financial services oversight. But at the individual level Black America Saves goal is to help individuals, and families get and keep personal finances on track, and over time generates the kind of capital that financial institutions can use to invest and grow the economy in the long term.
Contact:
Lavonia Perryman Fairfax
555 Brush St #1115
Detroit, Michigan 48226
Suzanne Mayo Theus, National Director
Black America Saves/The Consumer Federation of America
1620 Eye St. NW, Suite 200
Washington, DC 20006
785-236-9553
