When individuals living on a lower income struggle to make ends meet, they miss out on opportunities to save and invest – opportunities that are critical in overcoming poverty. Without a livable wage, people can’t get by; and without assets, people can’t get ahead.
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Participants started a matched savings program at one of 7 agencies
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Earned in matched savings dollars by Matched Savings participants
Matched Savings programs incentivize individuals for saving money and participating in financial literacy education by matching their savings towards the purchase of productive assets, such as education, housing or starting a small business.
At the end of a Matched Savings program a successful participant will have:
Developed effective money management knowledge and skills
Developed regular savings patterns
Developed other assets such as self-confidence, hope for the future, and social connections
Purchased an asset
Aspire partner agencies run Matched Savings programs as a key asset-building strategy to help Calgarians living on lower incomes gain greater financial independence.
Aspire partners running Matched Savings programs
