Children’s Savings
In 2008, Southern’s policy team helped to secure state funding for the Aspiring Scholars Matching Grant program for Arkansas 529 college savings accounts. Aspiring Scholars matches up to $500 annually (maximum $2500) for five years in Arkansas’ 529 plan. Southern has opened 576 matched savings accounts under the Aspiring Scholars program since its inception.
As Public Funding Ends, Opportunities Remain to Help People Save
Southern Bancorp is committed to encouraging healthy savings habits, encouraging policy changes that incentivize individual and family savings programs, and removing policy barriers to accessing savings. That’s because...
Rural Economic Mobility and Wealth Building
Despite the general economic recovery in the United States, income inequality and wealth inequality are expanding. Perhaps more critically, it is becoming more and more difficult for families...
New CFED data showing state of family economic security in Arkansas
This week, the Corporation for Enterprise Development (CFED) released its annual Assets and Opportunity Scorecard. The Scorecard provides a comprehensive look at Americans’ capacity to accumulate wealth by...