Are Premium Bonds the answer to the US savings problem?

Reply #2

Todd — Thu, 15 Oct 2015 13:51:34 GMT

This is a non-lottery topic. Please post in your blog -- not on the forums.

Reply #1

myturn — Thu, 15 Oct 2015 13:02:29 GMT

In the US, a successful 'Save to Win' credit union scheme has launched this year in the low-income rustbelt of Michigan. But Dubner and Levitt suggest the lucrative monopoly of lottery schemes in most states, run by, er, the state, means a national roll-out is unlikely.

But aside from improving consumers' finances, there are other benefits. A scheme in South Africa, which paid prizes electronically, dramatically improved the proportion of the population with bank accounts a breakthrough in fi... [ More ]

Are Premium Bonds the answer to the US savings problem?

myturn — Thu, 15 Oct 2015 12:58:14 GMT

After one of the greatest spending splurges in history, how do you convince the great American public to mend the error of their ways and start putting a few dollars aside each month?

The savings ratio in the US has tumbled in recent years see this chart for the official figures:bea.gov/national

Many American financial minds are focusing on how to improve it. The brains behind theFreakonomics books economist Steven Levitt and journalist Stephen Dubner put together a fascinating podcast ear... [ More ]