© 2024 SDPB Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Program Aims to Help Low-Income Families Save

Creating a nest egg is considered key for people trying to beat poverty. An experimental program called IDAs -- individual development accounts -- help low-income people save money. The program matches savings twice -- up to $2,000 -- by the federal government and a community- based non-profit. IDAs have helped some 20,000 working-poor families begin to accumulate assets. From San Francisco member station KALW, and New California Media, Holly Kernan reports.

Copyright 2022 NPR. To see more, visit https://www.npr.org.