Delaware News

Treasurer Davis Encourages Delawareans to Prioritize Saving

Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Friday, April 5, 2024


America Saves Week Logo 2024

America Saves Week – April 8-12, 2024

As financial literacy and wellness continue to be paramount in today’s economic landscape, Delaware Treasurer Colleen Davis once again encourages Delawareans to participate in America Saves Week, the initiative aimed at promoting saving, budgeting, and financial stability across the nation.

The theme for America Saves Week 2024, which runs from April 8-12 is “Saving for What Matters Most.”

“Supporting America Saves Week aligns with our office’s main priorities; bolstering retirement security and readiness, creating pathways to economic empowerment, and promoting a culture of financial excellence,” Treasurer Davis said. “By participating in this initiative, we can help individuals build strong financial foundations, reduce debt, and increase savings, ultimately leading to greater financial security and peace of mind.”

The Office of the State Treasurer will provide information on how people can create an effective savings plan by highlighting several key areas that contribute to financial stability. Each day of America Saves Week carries a specific theme:

  • Monday, April 8 – Saving Automatically
  • Tuesday, April 9 – Saving for the Unexpected
  • Wednesday, April 10 – Saving for Major Milestones
  • Thursday, April 11 – Paying Down Debt is Saving
  • Friday, April 12 – Saving at Any Age

Delaware’s America Saves webpage (https://treasurer.delaware.gov/asw24) will be updated every day with information and tips about each daily theme.

“While America Saves Week provides a perfect time to take a close look at your finances and saving methods, we provide unique savings opportunities throughout the year,” Davis said. “Our office oversees the design, implementation, and overall administration the DE529 Education Savings Plan, DEPENDABLE, a savings plan for people with disabilities, and DEFER, the deferred compensation program for state employees. We’re also looking forward to the implementation of Delaware EARNS later this year. EARNS is a program that will bring retirement savings to those unable to get a retirement plan from their employer.”

Members of the Delaware General Assembly joined Treasurer Davis in promoting saving by proclaiming the week of April 8, 2024 “Delaware Saves Week” with the passage of Senate Concurrent Resolution 134 sponsored by Senator Nicole Poore and Representative Larry Lambert.

“Even a small cushion of savings can make a huge difference when it comes to helping our families overcome those unforeseen hurdles that life likes to throw in our way,” said Sen. Nicole Poore, the Senate prime sponsor of SCR 134. “That’s why I have worked closely with Treasurer Davis over the years to help our neighbors find ways to put some money aside for the future,” she said. “Whether we’re helping people with disabilities save for future expenses, making college a little more affordable for families or bringing retirement savings accounts to hundreds of workers, I am proud of the work we’ve accomplished to bring a little more financial security and peace of mind to our communities.”

“At a time when too many Delawareans are struggling to start their retirement accounts, save for their children’s education, or simply build up their nest eggs for emergencies, it’s so important that we spread awareness about the many great programs available to help residents save more for their future,” said Rep. Larry Lambert. “During Delaware Saves Week and every week, we must work to empower individuals with the resources and tools to secure their financial future.”

“I encourage everyone to take advantage of the resources available during America Saves Week and join the movement towards a financially secure future,” Davis said. “Together, we can build a more resilient and prosperous Delaware and America.”

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Treasurer Davis Encourages Delawareans to Prioritize Saving

Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Friday, April 5, 2024


America Saves Week Logo 2024

America Saves Week – April 8-12, 2024

As financial literacy and wellness continue to be paramount in today’s economic landscape, Delaware Treasurer Colleen Davis once again encourages Delawareans to participate in America Saves Week, the initiative aimed at promoting saving, budgeting, and financial stability across the nation.

The theme for America Saves Week 2024, which runs from April 8-12 is “Saving for What Matters Most.”

“Supporting America Saves Week aligns with our office’s main priorities; bolstering retirement security and readiness, creating pathways to economic empowerment, and promoting a culture of financial excellence,” Treasurer Davis said. “By participating in this initiative, we can help individuals build strong financial foundations, reduce debt, and increase savings, ultimately leading to greater financial security and peace of mind.”

The Office of the State Treasurer will provide information on how people can create an effective savings plan by highlighting several key areas that contribute to financial stability. Each day of America Saves Week carries a specific theme:

  • Monday, April 8 – Saving Automatically
  • Tuesday, April 9 – Saving for the Unexpected
  • Wednesday, April 10 – Saving for Major Milestones
  • Thursday, April 11 – Paying Down Debt is Saving
  • Friday, April 12 – Saving at Any Age

Delaware’s America Saves webpage (https://treasurer.delaware.gov/asw24) will be updated every day with information and tips about each daily theme.

“While America Saves Week provides a perfect time to take a close look at your finances and saving methods, we provide unique savings opportunities throughout the year,” Davis said. “Our office oversees the design, implementation, and overall administration the DE529 Education Savings Plan, DEPENDABLE, a savings plan for people with disabilities, and DEFER, the deferred compensation program for state employees. We’re also looking forward to the implementation of Delaware EARNS later this year. EARNS is a program that will bring retirement savings to those unable to get a retirement plan from their employer.”

Members of the Delaware General Assembly joined Treasurer Davis in promoting saving by proclaiming the week of April 8, 2024 “Delaware Saves Week” with the passage of Senate Concurrent Resolution 134 sponsored by Senator Nicole Poore and Representative Larry Lambert.

“Even a small cushion of savings can make a huge difference when it comes to helping our families overcome those unforeseen hurdles that life likes to throw in our way,” said Sen. Nicole Poore, the Senate prime sponsor of SCR 134. “That’s why I have worked closely with Treasurer Davis over the years to help our neighbors find ways to put some money aside for the future,” she said. “Whether we’re helping people with disabilities save for future expenses, making college a little more affordable for families or bringing retirement savings accounts to hundreds of workers, I am proud of the work we’ve accomplished to bring a little more financial security and peace of mind to our communities.”

“At a time when too many Delawareans are struggling to start their retirement accounts, save for their children’s education, or simply build up their nest eggs for emergencies, it’s so important that we spread awareness about the many great programs available to help residents save more for their future,” said Rep. Larry Lambert. “During Delaware Saves Week and every week, we must work to empower individuals with the resources and tools to secure their financial future.”

“I encourage everyone to take advantage of the resources available during America Saves Week and join the movement towards a financially secure future,” Davis said. “Together, we can build a more resilient and prosperous Delaware and America.”

image_printPrint

Related Topics:  , , , , , , , ,


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.