Signed by sixty-six scholars and cosponsored by eight leading think tanks, For a New Thrift describes the growing polarization in today’s financial landscape between two very different kinds of institutions. Pro-thrift institutions serve well-off Americans and provide a broad array of tax-advantaged savings plans and financial services. Anti-thrift institutions serve Americans who are stuggling to live paycheck to paycheck with short-term loan at usurious interest rates. For a New Thrift calls for efforts to rebuild broadly democratic, pro-thrift institutions that will serve and reward the “small saver.”
The Commission on Thrift is a project of the Institute for American Values in partnership with the Institute for Advanced Studies in Culture, New America Foundation, Public Agenda, Demos, the Consumer Federation of America, and the National Federation of Community Development Credit Unions.