For a New Thrift: Confronting the Debt Culture

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 struggling to live paycheck to paycheck with short-term loans 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.”