Author Archives: Curt Woodward

Prizes for thriftiness? WA eyes savings lotteries

Saving money isn’t sexy. But winning money — now that’s a different story.

As consumers crawl their way back from the worst savings rates in generations, state lawmakers from coast to coast are looking to spice up financial responsibility by offering lottery-like prizes for people who sock their money away. The concept, which has been employed for years in other countries, is gaining greater attention in the U.S. following a two-year-old experiment in Michigan called “Save to Win.” Read More