prize-linked savings

The Prize-Linked Savings program taps into the urge to buy lottery tickets, yet encourages people to save.
Imagine that you have a low-paying job but still manage to save a little for your kids' future every month. Then someone comes along and offers you a chance to win a cash prize.
This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts