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Sponsored by the Congressional Savings and Ownership Caucus

New data from the Federal Reserve confirms what many have long known: that vast numbers of Americans continue to lack the necessary savings to support a financially stable life. Household savings are much more robust in many other countries, thanks to long-standing efforts to make small-dollar savings institutions available to every citizen. In other leading nations (notably Germany, France, and Japan), basic banking is often performed at a surprising institution–the Post Office! As America continues to grapple with a lack of savings and the Post Office struggles to redefine itself in the 21st Century, can lessons from other nations provide answers to both of these long-standing problems?

Please join the Congressional Savings and Ownership Caucus (co-chairs Representatives Jim Cooper, Thomas Petri, Niki Tsongas and Joseph Pitts) as it hosts Princeton historian Sheldon Garon (author of ) to learn more about this model of supporting small dollar savings and individual financial stability. Then join in the discussion about whether or not a postal savings bank might work for small savers, the Post Office, and the United States of America.

Participants