Savings is a core component of financial health. A savings habit – and the stability it brings – is as important as income. Savings address financial instability by providing a way for families to save for short term emergencies and long term assets, like a college education or a home.
Lack of savings is the financial challenge American families’ worry about the most. In fact, one in three households nationwide have no savings. Community conversations held by United Ways across Connecticut with ALICE households echo this struggle.
EARN is a national nonprofit dedicated to asset-building and microsavings that the Connecticut United Ways have partnered with to address this critical issue. This asset-building initiative will complement the great financial stability work that all United Ways across the State of Connecticut support in their local communities.
To participate in EARN, you must make at or below 80% of your Area Median Income. Click HERE to see what this income is for your county.
Visit www.earn.org/ctuw to start saving today!