PRESS RELEASE

Connecticut United Ways Launch ALICE® Saves Financial Incentive Program

Connecticut United Ways have joined together to promote financial stability for working families statewide.  
 
Rocky Hill, Conn. March 13, 2019 -­ Connecticut United Ways have joined together to promote financial stability for working families statewide by launching ALICE Saves, a new program designed to help families develop a lifelong habit of saving and other positive financial behaviors.
 
The program is designed to encourage "ALICE" - Asset Limited, Income Constrained, Employed, - to begin their habit of saving by enrolling in two free, award-­-winning programs.
 
For the first time anywhere, SaverLife, a proven savings product from the California-based nonprofit EARN, and Trusted Advisor, a successful financial counseling program operated by the New York-­-based Neighborhood Trust Financial Partners, will be available to help families build emergency savings and begin a journey to financial security.
 
By joining SaverLife participants receive financial rewards for consistent saving. Savers earn $10 for every month that they save at least $20 and have the potential to earn up to $60 in rewards at the end of the six-­-month program. Savers who securely link their savings account to SaverLife earn rewards and have access to other supports.
 
Savers will also be offered the opportunity to take an additional step towards financial security by enrolling in Trusted Advisor, a technology-­-enabled financial counseling program. A Trusted Advisor counselor, available through Skype or by telephone, will help Savers develop a financial action plan with concrete steps to meet financial goals.
 
In its 2018 ALICE Report, a study of financial hardship, United Ways found that 40% of Connecticut households cannot afford basic living expenses while 46% do not have enough savings to cover expenses for 3 months. While 37% of CT residents did not set aside any money for emergencies last year, research shows that families with a savings of just $250 are less likely to be evicted or miss a housing or utility payment.
 
The program is open to all Connecticut residents over age 18 until the end of 2019.
 
ALICE Saves is a program of Connecticut United Ways in collaboration with EARN and Neighborhood Trust Financial Partners. In addition to Connecticut United Ways, it is funded by JPMorgan Chase and Webster Bank.
 
For more information or to register for ALICE Saves, please visit ctalicesaves.org or contact your local United Way.


About Connecticut United Ways
 
Connecticut United Ways advance the common good by creating opportunities for all, with a particular focus on education, income/financial security, health, and basic needs - the building blocks for a good quality of life. We engage people and organizations throughout our communities who bring passion, expertise, and resources needed to get things done, and we invite everyone to be part of the change.

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Local United Way Contacts:
Press Release
United Way of Middlesex County
Amanda Furlong
Communications and Marketing Director
860-346-8695
  
United Way of Central and Northeastern Connecticut
Elyssa Millspaugh
Content Marketing Manager
860-493-1119

United Way of Coastal Fairfield County
Cathy DeCesare
Sr. Vice President Strategic Initiatives  
203-339-6309

United Way of Coastal Fairfield County
Dana Freeman
Director of Development & Corporate Engagement
203-339-6347
  
United Way of Greater New Haven
Peter Schaller
Communications Director
203-691-4202
  
United Way of Greater Waterbury
Glenn McCabe
Director, Marketing/Communications
203-757-9855

United Way of Greenwich
David Rabin
President & CEO
203-869-2221
  
United Way of Meriden and Wallingford
Diana Reilly
Associate Director
203-235-4403
 
United Way of Milford
Gary Johnson
President & CEO
203-874-6791

United Way of Northwest Connecticut
Owen Quinn
Executive Director
860-489-4132
 
United Way of Southeastern Connecticut
Jill Davoll
Marketing /Communications Director
860-464-3309
 
United Way of Southington
Jack Eisenmann
Executive Director
860-628-4565
 
United Way of Naugatuck and Beacon Falls
Lisa S happy
Executive Director
203-729-1564
 
United Way of West Central Connecticut
Donna Osuch
President
860-582-9559

United Way of Western Connecticut
Isabel Almeida
Executive VP, Marketing
203-297-6725
 
Valley United Way
Sharon Gibson
President & COO
203-926-9478