The global economy has been drastically affected by the international money markets downturn over the past 24 months. The United States vast majority of families are affected by these turbulent economic times individually and collectively. The depressed housing market, the rise of job losses coupled with fiscal uncertainty are just a few of the issues affecting people of color in the African Diaspora. For U.S. citizens, this global crises brings the issue of globalization to new front coupled with out pour of world citizens feeling a social responsibility to look at the crises is Haiti and other natural disasters in a new way. All across the globe persons in the African Diaspora are saving more, building strategic plans about their fiscal affairs and making plans for their economic future in ways they never did before. If we are to help others as we help ourselves and our families, it is critical that we begin to have a national dialogue to address this global situation. Help is on the way, but it will take each of us to dig a little deeper, resolve our common good and build on our strengthens to help those in need. Black America Saves stands tall with those in need of our assistance in this global crises. For more information on how to save go to: www.americasaves.org or  www.blackamericasaves.org.

Sincerely,

Suzanne Mayo
Director
Black America Save

Celebrating America Saves Week

Thursday, February 26, Howard University hosted the annual Black America Saves reception as a part of America Saves Week 2009. This year’s reception brought together the Black community to celebrating saving during the tough economic times. Participant’s traveled from across the country to support the Black America Saves cause; some travling from Michigan, Louisana, and Florida.

Special thanks to this year’s sponsors:

• Howard University and the Armour J. Blackburn University Center
• Black America Saves
• Join the Click
• Mynette Management Company

As America Saves Week 2009 comes to a close, Mynette Management Company would like to thank everyone for their support of Black America Saves and reminds them to Keep on Savin’.

Today’s PSA:

(download mp3)

Today’s PSA:

(download mp3)

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

Today’s PSA:

(download mp3)

Black America Saves is proud to support America Saves Week.

In celebration of saving, BAS is releasing four public service announcements regarding saving – free for all to use. Listen to your local station for BAS PSAs!

Today’s PSA:

(download mp3)

In celebration of America Saves Week, Feb. 26- March 2, 2009, we are challenging all African Americans to join us in  starting a savings or adding to your existing savings or investments accounts this week.  You don’t have to be rich, you just have to have a plan.   Join thousands of persons across America in helping our families build wealth,
NOT Debt!.

The savings tip for the day is:  Save all your loose change.  Each family member this month should put extra change aside during this tough economic times.  We know how to make it rough times, but we can make it if all just focus on responsible spending and savings in 2009.

For more information, go to www.americasaves.org.

Mynette Management Co. is happy to provide information on our recent presentations on America Saves and Louisiana Saves:

Introduction to America Saves Week 2008

Louisiana Saves Action Plan