Our Impact Our Impact

In this section, you will find briefs, research reports, videos, and infographics that describe our work and the impact it has had on building financial security and opportunity. At Commonwealth we believe that sharing the results of our work inspires others to act.

Five Years of SaveYourRefund

SaveYourRefund (SYR) completed its fifth successful year in 2017. Learn about how it has grown and the impact it has made on tax filers across the country.

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SaveYourRefund 2017 Summary

At the end of its fifth year, SaveYourRefund continues to motivate saving at tax time. Learn more about its impact in 2017, and meet some of the winners who were motivated to save.

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Prize-Linked Savings in Credit Unions: 2016

In 2016, Prize-Linked Savings (PLS) products expanded rapidly, doubling the number of states with PLS products from 6 to 12. Two new branded products - Lucky Savers (LS) in New York and WINcentive Savings Accounts (WSA) from the Minnesota…

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Financial Entertainment Infographic

Over the last seven years, we've developed our Financial Entertainment suite of games to cover a variety of financial topics, making financial education more fun and exciting. They've been popular among a wide range of people, and…

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Rules of Thumb Webinar

You’ve probably heard that “an apple a day keeps the doctor away,” but why are there are so few simple, effective messages about your finances? Credit unions can build a better relationship with their members by offering…

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WINcentive Savings 2016 Report

This report analyzes the performance of WINcentive Savings accounts throughout 2016, as well as data from a Commonwealth survey administered to WINcentive account holders by their respective credit unions. With the WINcentive survey,…

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Prizes Facilitate Saving by Youth

In the summer of 2015, we worked with the New York City Department of Youth and Community Development (DYCD) to design and pilot a Payroll Savings Program for around 50,000 youth participating in their summer youth employment program. The…

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Commonwealth 2016 Accomplishments

In 2016, we developed new ideas, tested innovative solutions, and worked with partners to improve the lives of financially vulnerable Americans at scale.

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Building Financial Security Through Integrated Financial Solutions

People’s financial lives are more deeply interconnected than traditional financial products suggest: income impacts expenses; expenses impact savings; savings impacts borrowing; borrowing impacts expenses; and uncertainty impacts…

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Our Approach: Innovation Pipeline

At Commonwealth, we discover new financial challenges and explore new innovative solutions through research, listening, and talking with people. We take the most promising of these new solutions and design real world pilots to see if they…

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Increasing Access to U.S. Savings Bonds: Recommendations for Bond Innovation

U.S. Savings Bonds fill a market gap for safe, no-fee, general purpose savings products with low minimum balances and a trusted brand. The Treasury Department can not only preserve bonds as they are currently available—including…

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Bite Club Trailer

In Bite Club, users manage a vampire nightclub to learn how to plan for retirement, understand the value of paying off debt, and manage spending patterns. Watch the trailer below, and check out the Financial Entertainment site to learn more…

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Ramp it Up Trailer

Ramp It Up is a gamified college readiness mobile app that seeks to empower high school students to make positive financial decisions related to paying for college. Watch the trailer below, and click here to learn more about Ramp it…

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Gamification: Making Financial Security Fun

Gamification provides a way to turn tasks into fun and engaging activities that lead to real world action. Commonwealth collaborates with employers, non-profits, financial services firms, and more to design, create, pilot, and scale gamified…

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Commonwealth Brand Story

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Consumer Engagement: Helping People Want What They Need Webinar

On November 9, 2016, Commonwealth's Timothy Flacke and Kristen Bryant joined the National Disability Institute for a webinar to discuss Consumer Engagement: Helping People Want What They Need, a brief that explains the importance of…

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Rules of Thumb Toolkit

This toolkit focuses on the design of rules of thumb (ROTs), simple, actionable guidelines that can help consumers with financial decision-making. If designed well, they are easy for consumers to remember and clearly communicate the action…

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Consumer Engagement: Helping People Want What They Need

In partnership with the Asset Funders Network (AFN), Commonwealth wrote this brief to explain the importance of consumer-centric design. The brief includes an actionable framework and examples of how it can be implemented to create a product…

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SavingsQuest: How it Works

SavingsQuest, an award-winning app by Commonwealth, uses gamification to drive greater account engagement and saving. This short video demonstrates the key features of the app. Click here to learn more about SavingsQuest.

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A History of Prize-Linked Savings

Commonwealth's innovation process has proven effective over the last 15 years in building solutions to help over a million Americans build more than $200MM in savings. As one of Commonwealth's most notable ideas to go…

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