Journal Article

D2D Tests Innovations on Prize-Linked Savings, Mobile Phone Applications, and Prepaid Cards for Financially Vulnerable Consumers

Abstract: The Doorways to Dreams (D2D) Fund, a 15-year-old nonprofit headquartered in the Boston area, designs and develops innovations that strengthen the financial opportunity and security of financially vulnerable consumers. D2D?s innovations have included work on prize-linked savings (PLS),1 phone applications, and prepaid cards. D2D has also developed Financial Entertainment, a suite of casual video games that teach financial concepts. Cascade asked Timothy Flacke, executive director of D2D, about the organization?s latest work.

Keywords: financial literacy; community development; nonprofit organizations; poverty;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Cascade

Publication Date: 2015-04

Volume: 2

Order Number: 87