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NEWS BRIEF: Low-income families could open savings accounts with new program

A penny saved …

A nonprofit organization, Operation Hope, and the City of Atlanta have teamed for a financial inclusion program designed to help low-income parents open savings accounts for their kindergartners. The city will initially fund a $50 deposit that will be matched with another $50 from OH in a retail investment account. CEO John Hope Bryant said the aim is to get families to start saving for college and breaking the cycle of poverty. americanbanker.com