Thank you so much for writing about our Prize-linked savings program, Save to Win.
I would like to acknowledge our partners in this exciting endeavor: The Filene Research Institute www.filene.org, and the Michigan Credit Union League www.mcul.org, who are critical to its success and without whom the program would not have been possible.
Preet Mehta, Director of Special Projects, the Doorways to Dreams Fundof MA10:49AM June 08, 2009
except for one thing. In the current interest rate environment you do not have an adequate return even without foregoing part of it to fund the prizes.
You want a nation of savers? I certainly do. Then you MUST convince your Federal Reserve to operate a sensible and honest monetary policy that does not perpetually REQUIRE articifial interest rates held too low, too long to "spur" whatever.
Most of the money that went into $4-a-cup Starbucks coffee, and most of the money going into lotteries and casinos OUGHT to be going into the bank account. One reason it isn't is that the "rewards" for doing so are way, way, way insufficient.
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Preet Mehta, Director of Special Projects, the Doorways to Dreams Fund of MA 10:49AM June 08, 2009
Muser of NM 5:34PM June 05, 2009