Laser Talk: Help People Save with the Financial Security Credit

March 7, 2014

ENGAGE: According to CFED, 44 percent of American households don’t have enough savings to stay out of poverty for more than three months if they lose their income.

PROBLEM: This means that millions of Americans are just one job loss or one medical crisis away from financial disaster.

INFORM: The Financial Security Credit uses tax time to help people build emergency savings. Low-income taxpayers could choose to deposit all or part of their tax refund into an eligible savings product by simply checking a box on their tax return. And to encourage their participation, after eight months they would get a 50 cent match for every dollar they save, up to $500 per year. A similar pilot program called SaveUSA has shown that this idea works.

CALL TO ACTION: Will you co-sponsor H.R. 2917, the Financial Security Credit Act of 2013, and speak with House Ways and Means leaders about including the Financial Security Credit in upcoming tax legislation?

What Is a Laser Talk?

A laser talk serves as a useful starting point for your advocacy work, whether as a talking points during a town hall meeting or as a primer for face-to-face meetings with candidates and elected officials. Follow up with more information and evidence supporting your points. And of course, adapt a laser talk to reflect your own experiences and why you care about the issue! For more on how to create your own laser talk, see the RESULTS Activist Toolkit: Create and Deliver Your EPIC Laser Talk.

Explore Related Articles

Stay in action and up-to-date.
Get our Weekly Updates!

This site uses cookies to help personalize content, tailor your experience and to keep you logged in if you register. By continuing to use this site, you consent to our cookies.