my529 supports America Saves Week

In 2022, Americans experienced the largest surge in inflation in 40 years. The Federal Reserve tried to chase down inflation by increasing interest rates, which boosted the cost of borrowing.

In the face of such economic turmoil, America Saves, a nonprofit group, is encouraging Americans: Save more and pay down debt.

America Saves raises this call to action every year during America Saves Week. This year, the organization will address one savings topic each day of the week during February 27 to March 3.

America Saves is a nonprofit organization that uses principles of behavioral economics and social marketing to motivate, encourage and support everyday Americans to save money, reduce debt, build wealth and create better financial habits.

America Saves Week is a joint initiative supported by over 1,500 banks, credit unions, nonprofits and other institutions, including my529, the FDIC and the Social Security Administration.

Find out more at my529.org/utsaves and americasavesweek.org.