Save to Win: A lottery where you can't lose
Clip: 11/23/2013 | 8m 33s
Prize-linked accounts give a chance to win cash while building savings and interest.
Credit unions in four states offer a lottery that gives savers the chance to win small monthly prizes or a yearly grand prize -- even if you don't win you get to keep the money you put in, plus interest. Supporters believe that linking savings to winning could particularly appeal to low and moderate income households, who have a harder time building assets.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Save to Win: A lottery where you can't lose
Clip: 11/23/2013 | 8m 33s
Credit unions in four states offer a lottery that gives savers the chance to win small monthly prizes or a yearly grand prize -- even if you don't win you get to keep the money you put in, plus interest. Supporters believe that linking savings to winning could particularly appeal to low and moderate income households, who have a harder time building assets.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...