That feels so much better for such a longer time. Give people an incentive to save, even if it's just a few dollars and, with help, they will work their way into the middle class. Most programs are supported with private money, although a few states finance them, too. The programs have never been studied formally, so there is no evidence they help people who wouldn't have helped themselves anyway. But backers argue it's the right thing to do, practically and philosophically, noting that the government already gives middle class Americans incentives to save, usually through the tax code.
People pay no taxes on home mortgage insurance, or the money set aside for retirement.
Participants also receive training on money management, including how to clear up a poor credit record. Everyone would agree America is a better nation because we have more homeowners, more educated people and more businesses. We're doing it for the non-poor. His group is helping 2,000 persons open accounts. In Tulsa, Okla., the working poor are encourages to invest tax refunds from the Earned Income Tax Credit program.