How Much Money Members Are Saving Today

More SaverLife members are saving $100 per month Despite how unpredictable 2020 has been, with many folks facing unemployment and caring for family members with little to no financial support, SaverLife members are continuing to save money. Against all odds, they’re making this happen. In October, for example, we’re seeing very similar numbers of people…

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You may be eligible for a stimulus check

[Updated as of October 2020] If you typically don’t file taxes, you have until November 21st, 2020 to fill out the IRS Non-Filer form in order to be sent your stimulus check. About 12 million Americans are still eligible to receive this $1,200 economic impact payment. For the past month, we’ve been asking SaverLife members…

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Relying on Credit Cards to Get Through the COVID-19 Pandemic

In 2020, SaverLife members have been withdrawing money from their savings more often than they did in 2019. And compared to last year, people are relying more on credit cards to feed their families. For people living in households earning less than $50,000 a year, credit card balances have increased by 38% from last year.…

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It’s Becoming More Difficult to Afford Groceries These Days

The COVID-19 pandemic has impacted people in many ways. 77% of people we surveyed said it’s been more difficult to feed their family. Here’s what some of our members have had to say about what it’s like to go grocery shopping and budget during the ongoing pandemic: “In the beginning of the pandemic, I was…

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Here’s How You Can Block an Eviction

In mid-September, we asked over 500 members if they thought enough was being done to protect people from eviction or foreclosure. We found a large difference between the two groups of renters and homeowners. While homeowners were less worried about foreclosure, renters were 158% more likely to say that they’re concerned about being evicted. In…

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Have You Taken The Census Yet?

[Updated as of September 24th, 2020: The deadline for the census has been extended to October 31st.] The census only comes once every 10 years. Results from this nationwide survey determine funding for community services like schools, health clinics, fire departments, roads, and highways. Don’t miss out on being counted. It can make a difference…

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What Virtual Learning Means for SaverLife Members

As the school year starts, and most major school districts are returning remotely, we wanted to understand how our members would be impacted financially. “[S]ince the virus has started my husband and myself both are essential workers and so us helping her with school work came hard even harder cuz she has learning support classes…

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Back-to-School Season Looks Different This Year

August is typically when kids get excited about seeing their classmates again and parents can’t wait to have them out of their hair. But this year’s back to school season looks different. This past June, we asked our members if they were planning to send their children back to school this fall. A little over…

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Have you been furloughed or had your hours reduced?

We’ve been seeing in the news that the national unemployment rate is 13.3%. But it’s clear that some areas of the U.S. are hurting more than others. Many people are also struggling with underemployment and may have had their hours cut, in addition to those who are fully unemployed. We asked about 4,200 people who…

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Stimulus Checks Are Rolling In

Here’s some good news from last week: people are finally receiving their stimulus checks! In mid-April, we asked our members if they expected to receive a check, and we were surprised that an astonishing 27% said no. Fast forward to the end of April, and that number fell by ten percent. We call that progress!…

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