FDIC Encourages Consumers of All Ages to Set and Achieve Savings Goals

America Saves Week

America Saves Week is February 26 – March 3, 2018

The Federal Deposit Insurance Corporation (FDIC) today is encouraging people to use America Saves Week as an opportunity to develop, or review their progress toward, financial goals.

FDIC Chairman Martin J. Gruenberg said, “During America Saves Week, financial institutions and their community partners collaborate to help people of all ages develop and achieve savings goals. Small steps in building a savings habit can make a big difference over time.”

The FDIC offers a number of resources to institutions interested in supporting savings and to individuals of all ages who are interested in learning more about saving. For instance, through the FDIC’s Youth Banking Network, financial institutions are working with schools and nonprofit organizations to teach financial education and offer students an opportunity to open a savings account—for many students, their first account.
Many organizations work together during America Saves Week to encourage consumers to make a savings commitment and then take steps to make savings automatic, such as setting up a regular transfer into a savings account. Developing this type of savings habit can help consumers withstand unexpected expenses and income disruptions.

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