Tag Archives: Savings Accounts

Advocates push states to save foster children’s federal benefits, not spend them

By the time Jesse Fernandez turned 18, the federal government had paid out thousands of dollars in Social Security survivor’s benefits because of the death of his mother. But Jesse’s bank account was empty. The money had all been used by Missouri’s foster care system or relatives responsible for his care. “I was shocked,” said […]
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Oregon Housing and Community Services, partner announce $11.5 million for Individual Development Accounts

Oregon Housing and Community Services, in partnership with Neighborhood Partnerships, this week announced $11.5 million in funding to support the Individual Development Account Initiative statewide. An Individual Development Account (IDA) is a matched savings account, where the money participants save is multiplied up to five times by the program. Source: Oregon Housing and Community Services, […]
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Opinion | Student loans prove you can’t have it both ways

State Library Ed. Note: If you cannot access this story via the link below, state employees can access this Washington Post story HERE via the State Library’s subscription to the US Newstream database. Alternatively, state employees can contact us for access: LibraryHelp.SLO@slo.oregon.gov or 503-378-8800. The pandemic, it turns out, provided an excellent laboratory to test twin theories that soaring levels of […]
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Oregon bank deposits slow as pressures mount on consumers, businesses

Growth in Oregon bank deposits is at a five year low, according to federal data, as consumers draw down their savings to cope with rising inflation. Stimulus payments to businesses and consumers provided a dramatic spike in savings early in the pandemic. Oregon bank deposits surged by nearly $33 billion, according to federal data, nearly […]
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Sizing Up the Decisions of Older Adults

State Library Ed. Note: If you cannot access this story directly from the source, state employees can access this New York Times story HERE via the State Library’s subscription to the US Newsstream database. Alternatively, state employees can contact us for access: LibraryHelp.SLO@slo.oregon.gov or 503-378-8800.

Is America’s Economy Entering a New Normal?

State Library Ed. Note: If you cannot access this story directly from the source, state employees can access this New York Times story HERE via the State Library’s subscription to the US Newsstream database. Alternatively, state employees can contact us for access: LibraryHelp.SLO@slo.oregon.gov or 503-378-8800.

College Accounts at Birth: State Efforts Raise New Hopes

State Library Ed. Note: If you cannot access this story directly from the source, state employees can access this New York Times story HERE via the State Library’s subscription to the US Newstream database. Alternatively, state employees can contact us for access: LibraryHelp.SLO@slo.oregon.gov or 503-378-8800.

Social Security recipients should expect stimulus payment by April 7, says IRS

State Library Ed. Note: If you cannot access this story via the link below, state employees can access this Washington Post story HERE via the State Library’s subscription to the US Newstream database. Alternatively, state employees can contact us for access: LibraryHelp.SLO@slo.oregon.gov or 503-378-8800. Social Security recipients and most other federal beneficiaries should see direct deposit stimulus payments by April 7. […]
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Opinion | Give Money to Babies

State Library Ed. Note: If you cannot access this story directly from the source, state employees can access this New York Times story HERE via the State Library’s subscription to the US Newstream database. Alternatively, state employees can contact us for access: library.help@state.or.us or 503-378-8800.

ABLE gives the disabled a chance to save

When Julie Chick’s first son, Blake, was born with Down syndrome 14 years ago, the Nehalem family faced a financial conundrum. They had to balance investing in Blake’s future while keeping his assets below $2,000 if they wanted their son to remain eligible for Supplemental Security Income and health insurance through Medicaid. Source: ABLE gives […]
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