News

Illinois Passes Prize-Linked Savings Bill

This week, Illinois governor Bruce Rauner signed the Credit Union Act (HB2477), allowing banks and credit unions in the state to conduct savings promotion raffles.

USAA Launches Gamified Savings App

American Banker quoted D2D Executive Director Tim Flacke in an article announcing the release of USAA's new mobile app aimed at helping millenials save money through gamification. This is a major goal in D2D's mission - innovating the financial sector with new ways of thinking and doing.

Will Prizes Get More Low-Income People To Save?

Forbes quoted D2D Executive Director Tim Flacke after speaking on a Bipartisan Policy Center panel titled "Starting to Save: Innovations for Working America" in an article covering the event discussing the promising future of Prize-Linked Savings Accounts.

Starting to Save: Innovations for Working America

On July 14, the Bipartisan Policy Center hosted an event titled Starting to Save: Innovations for Working Amerrica, which aimed to explore the variety of promising financial initiatives designed to help lower-income families start and continue to save money.

Q&A with Nick Maynard, Senior Innovation Director

The National Endowment for Financial Education interviewed D2D Senior Innovation Director Nick Maynard about our variety of financial entertainment games, and the use of gamification and technology in improving financial knowledge.

 

FINRA Foundation and D2D Fund Launch Interactive Strategy Game to Fight Investment Fraud

The FINRA Investor Education Foundation (FINRA Foundation) in collaboration with Doorways to Dreams (D2D) Fund today launched an exciting new educational tool in the form of an interactive game that helps investors spot the psychological persuasion tactics used by con artists.

Oregon passes Prize Linked Savings Legislation

Gov. Kate Brown signed House Bill 2893 into law earlier this week, which will permit financial institutions to conduct “prized-linked savings” programs.

SaveYourRefund $25,000 Grand Prize Winner Presented with Check

Mary Bunch, her kids and Doorway to Dreams (D2D) Fund were the toast of central Florida late last week, along with D2D’s generous national backers and powerful statewide partners.

Making Winners out of Savers

Summary of the research done by Professor Tufano, Dean of Saïd Business School at the University of Oxford on Prize Linked Savings. Highlights the recent success of Doorways to Dreams Fund in passing legislation in the US that allows for the widespread introduction of these types of financial products.

Strike it rich (or not) with a prize-linked savings account

What if you could purchase a lottery ticket without spending any money?

Minnesota passes PLS Legislation

Minnesota Gov. Mark Dayton has signed into law H.F. 1127/S.F. 1043, which allows credit unions to offer prize-linked savings (PLS) accounts.

D2D is hiring

D2D is hiring for three key positions at the organization: Innovation Strategist, Operations and Marketing Strategist, and 

Why Financial Literacy Courses Often Flunk

NerdWallet asks the question "What’s wrong with the nation’s approach to Fin Lit education and how can it be fixed?

Saving for Retirement Is No Game — Or Is It?

Article on Workforce.com that describes how retirment plan sponsors who are serious about changing worker behavior toward their 401(k) plans might consider injecting a little fun into their retirement programs with the use of gamification techniques.

A Fat tax refund says your strategy is wrong, Washington Post, April 10

Article in the Washington Post focused on D2D's efforts in Save to Win, SaveYourRefund, and Form 8888.  A Fat tax refund says your strategy is wrong.

Saving money is no game — or is it?

A recent article in the Kansas City Star discussed prize-linked savings and the opportunity to bring this initiative to Kansas. It cites the success of D2D, Save to Win, and other innovative savings initiatives.

Seeing a Tax Refund as a Financial Opportunity, New York Times, March 31

Article in the New York times on options for what to do with your tax refund, including saving it.

SAVINGS Act Introduced in Congress

The SAVINGS Act – Save Access to a Valuable Investment Needed to Generate Savings – introduced Thursday by Rep. Matt Cartwright (D-PA) and 16 other members of Congress, would spare paper bonds from extinction and keep the tax-time savings option available.