Research
Prize-Linked Savings: Creating Financial Confidence & Opportunity
Author
Prize-linked savings (PLS) products are improving financial confidence and self-efficacy. Previous D2D research has provided evidence on the impact of prized-linked solutions on helping financially vulnerable consumers try savings products and build reserves. New research shows that consumers are building financial confidence and improving their financial decision-making across products and improving their overall financial health. Users of PLS products attribute this change to their access and continued use of their prize-linked savings accounts.