Journal Article

New Mexico Encourages Citizens to Save

Abstract: Low-income residents in New Mexico now have more incentive than ever to save for a home, an education or their own business. In the 2006 legislative session, the state provided $1.5 million to fund the Individual Development Account Act that passed in 2003.

Keywords: Individual development accounts; New Mexico; personal finance; Saving and investment;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: e-Perspectives

Publication Date: 2007

Volume: 7

Issue: 2

Order Number: 1