Today, San Francisco-based nonprofit EARN, the nation’s leading microsavings provider, announced the launch of a transformative partnership designed to increase financial stability and emergency savings of families living across the United States.
EARN is partnering with seven major U.S. housing organizations to promote saving in nine states across the country. With a combined reach of more than 200,000 residents, this partnership dramatically expands the number of people engaging with SaverLife’s online financial coaching and rewards. Through SaverLife, EARN will provide small cash incentives to encourage families living in affordable housing to build their savings and create a financial cushion.
“Everyone benefits from having a savings account, especially the people we serve,” said Jane Graf, CEO and President of Mercy Housing, the country’s largest nonprofit provider of affordable housing. “Our partnership with EARN will give them useful tools to plan for the future and build strong, stable communities.”