Save now for chance to win $20,000 U.S. savings bond
Huntsville Times – Dec. 15
Huntsville-area families will soon have some serious incentive to pump up their savings. Impact Alabama, a nonprofit dedicated to helping the poor, is using the lure of a $20,000 U.S. savings bond to encourage families statewide to sock away money for the future. Director Stephen Black said participants in the SaveNow WinLater program will earn one chance to win the grand prize for every $50 they invest in savings bonds during the upcoming tax season. A random drawing to be held shortly after the April 15 tax deadline will determine the winner…Black said the program grew out of Harvard economist Peter Tufano’s research on prize-linked savings. Tufano’s nonprofit agency was heavily involved in Michigan’s Save to Win initiative and is also a partner in the Alabama effort. Black, who heads the University of Alabama’s Center for Ethics & Social Responsibility, said he checked with Alabama Attorney General Troy King to make sure the program does not violate anti-gambling laws. He said King suggested adding an element of skill to the contest, so the family that wins the grand prize drawing will have to study for and pass a 20-question financial literacy test.
EDITORIAL: What happens to the poor after the holidays?
Tuscaloosa News – Dec. 15
…A study recently released by the University of Alabama finds that the number of Alabama children living in poverty has grown. That’s not surprising. Tough economic times and unemployment usually drive poverty indexes upward…
UA expert discusses watching what you eat over the holidays
FOX6 (Birmingham) – Dec. 14
…An expert at the University of Alabama…Dr. Sandi Daly in UA internal medicine…