Earn big dreams_small_savings_2013
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21-Oct-2014 -
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Transcript of Earn big dreams_small_savings_2013
Big dreams start with small savings.
OUR MISSION | 2
EARN helps low-wage workers to save and to invest in their families’ futures: We turn effort into opportunity.
OUR MISSION | 3
WHY DO WE DO THIS?
* Pew Research Center
OUR NATION | 4
132 million Americans live
in or on the edge of poverty
Nearly half of all Americans (44%) lack
the savings to withstand a small
emergency
Yet, this is our reality.
THE PROBLEM | 5
WE HAVE A SOLUTION. MEET SOTHA.
“”
There was no saving before EARN. When you live paycheck to paycheck, you’re really not thinking about saving. With EARN, I always tell my kids now if you save a little here and there, it will add up. Now they all have savings accounts.
OUR SUCCESS | 6
Since 2002
5,200 EARN savers have saved
$6.2 million dollars.
EARN has proof that its mission works: Saving and investing are transformational.
OUR SUCCESS | 7
A full 83% of EARN participants continue to save after their formal program ends.
OUR SOLUTION | 8
1 million
$1 billion Dollars
Will Save
Low Income Americans
WHY EARN IS POISED
OUR EVIDENCE | 9
EARN is pioneering new uses of technology to revolutionize how we create opportunity for millions of low-wage workers.
EARN has evidence that savings changes behavior and influences inter-generational mobility.
EARN has proven that even people who on average earn $18,000 per year will save and invest in themselves with the right tools.
EARN’S SUCCESS.
OUR PLAN | 10
ACCELERATORS Incentives that motivate
people to start saving and make small investments
FINANCIAL EDUCATION / TOOLS
A growing toolbox of capabilities to save and solve financial problems
STRUCTURE & ACCOUNTABILIY
EARN and peer support throughout the savings
journey
An online, goal-based savings account that combines proven educational techniques with technology and spark capital.
BEHAVIORAL CHANGE Education and spark capital
instill proven, long-term saving habits
ONLY BIGGER.
THE TEAM
Ben Mangan President & CEO
• 15+ years of experience in social sector innovation
• Vassar College, Harvard Kennedy School
Nga Chiem Vice President
• 10+ years of nonprofit and private sector experience
• Brown University, Harvard Business School
BOARD Jose Arce Eugene Chan, PolicyLink Nick Eaton, Goldman Sachs Linda Harrison, Sotheby’s Mina Kim, BBAM LLC Eugene Lee Ray Mertens, Dodge & Cox Sarah Schwartz, Ph.D., USC Martin Skea, Wells Fargo Joe Vassallo, Green Thumb Holdings LLC Marion Weinreb, Marion Weinreb & Associates, Inc.
Key Advisors Guy Kawasaki • Former chief evangelist of Apple • Silicon Valley venture capitalist • Best-selling author Ralph Linsalata • Co-founder of Media Advisory Partners, New York-based
investment firm • Former venture capitalist and investment banker • CEO and senior positions at Novell, Lexidata & IBM
among others
OUR TEAM | 11
INVEST IN FUTURES: Generational Change
YOUR PART | 12
EARN Savers: Ricardo & Dad
Within 3 years we will serve a total of 10,000 low-wage Americans. By 2022, EARN will open 1 million new goal-based savings accounts. And change this country forever.
To support EARN contact: Shana Beal | [email protected] | 415.830.3001 earn.org · facebook.com/earnorg · twitter.com/earn · youtube.com/earn