Supporting the FDIC's Strategic Planning on Economic Inclusion
Abt Associates helped the Federal Deposit Insurance Corporation (FDIC) plan its agenda for promoting economic inclusion among unbanked and underbanked populations. This assistance included a review of the Alliances for Economic Inclusion (AEIs), local collabortives supported by the FDIC’s Community Affairs Department that sought to improve economic inclusion among unbanked and underbanked households and small businesses. Abt also provided the FDIC with scans of current trends in economic inclusion and community development to inform the FDIC’s further development of economic inclusion policies. Other clients for whom Abt Associates has worked on economic inclusion are the Social Security Administration (SSA) and the U.S. Treasury Department. For the SSA, Abt researchers worked with the National Community Tax Coalition and the University of Wisconsin to examine the potential for Volunteer Income Tax Assistance (VITA) sites to encourage retirement savings through greater use of the Saver’s Credit by low and moderate-income tax filers. For the Treasury, Abt Associates conducted an evaluation of the department’s First Accounts program, documenting the use of the program by previously unbanked households and developing lessons for best practices for bringing unbanked households into the financial mainstream.