America Saves Week, held Feb. 26 to March 3, seeks to encourage people to save for retirement and other expenses and goals.
Sponsored by America Saves and American Savings Education Council, America Saves Week provides participating organizations with savings tools and resources to help individuals save more of their money. The Investment Company Institute (ICI) and the ICI Education Foundation (ICIEF) are among those groups that support America Saves Week.
“America Saves Week reminds us all to take time to assess our financial goals and develop realistic strategies to help achieve them,” Sarah Holden, ICI’s senior director of retirement and investor research, said. “Whatever your financial priorities—a home purchase, school tuition, retirement, or a rainy day—there are many options available to build your savings.”
A recent ICI survey found that more than 56 million US households — or 100 million individual investors — use mutual funds to save for their financial goals.
“Supporting America Saves Week is an important part of our efforts to improve financial literacy,” ICI Education Foundation Vice President Tina Kilroy said. “We also take pride in our partnership with Junior Achievement, which each year engages tens of thousands of students in the Washington metropolitan area to teach them about investing through our interactive investor education exhibit. These initiatives help advance our core mission of promoting financial education and planning across generations.”