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TIAA-CREF's Competition for Ideas to Raise National Savings Rate

Sunday, May 30, 2010 - 12:15 PM
The NYT Bucks blog reports on TIAA-CREF's competition called Raise the Rate that offers prizes for the best ideas to increase America's personal savings rates.

Here's an idea: higher deposit rates. Sub 1% interest rates don't encourage savings. If this can't be done, there are tax policy changes that would encourage savings as I described in this post.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Monday, May 31, 2010 - 1:36 AM
TIAA-CREF's money market fund rate is 0.0%,  How can you increase savings if you are offering rates like that?
2
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,917
2. Thursday, March 8, 2012 - 6:14 PM
I see these guys rate is best now. Anyone here have experience? I guess i can be the guinea pig and report back! :c)
1
futuresynthpopfuturesynthpop8 posts since
Apr 10, 2010
Rep Points: 48
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