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The National Foundation for Credit Counseling® joins other companies, organizations and individuals throughout the nation to promote the benefits of saving.
The National Foundation for Credit Counseling® (NFCC®) is proud to support America Saves Week February 26-March 3, 2018. America Saves provides an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. “Savings is the foundation for financial stability,” said Bruce McClary, spokesperson for the NFCC. “Financial goals are hard to reach without an ongoing commitment to save.”
NFCC and member agencies are helping promote a culture of savings in a variety of ways including financial education workshops, social media, community events, and through one-on-one financial counseling. Each year, participating NFCC members encourage individuals to take the savings pledge by stating their goals and committing to build wealth over time. Everyone is encouraged to start by visiting the Take the Pledge page on the America Saves website.
More than ever, personal savings is an area where much improvement is needed. Data revealed in the NFCC’s most recent Financial Literacy Survey showed that more than one in four Americans do not save any portion of their annual income for retirement and nearly a third are not contributing to the growth of their non-retirement emergency savings. “Americans approaching retirement with little or no savings are setting themselves up for the possibility of very hard times,” continued McClary. “The America Saves campaign provides consumers with the tools through which they can begin to build savings to reach all of their financial goals.” A household savings survey released by America Saves in 2017 revealed that savers with a plan can be more than twice as likely to save successfully for financial goals like retirement.
America Saves was founded in 2001 to encourage non-saving Americans to save through a social marketing approach. Close to 1,000 nonprofit, government and corporate organizations – including many NFCC Member Agencies – in over 50 local areas participate in America Saves Week and have successfully encouraged and assisted hundreds of thousands of savers through the years.
Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation’s first and largest nonprofit dedicated to improving people’s financial well-being. With a national network of member offices serving 50 states and Puerto Rico, our NFCC Certified Credit Counselors are financial advocates, empowering millions of consumers to take charge of their finances through one-on-one financial reviews that address credit card debt, student loans, housing decisions and overall money management. Make one of the best financial decisions of your life. For expert guidance and advice, call (800) 388-2227 or visit www.nfcc.org today.Learn more