Micro-philanthropy encourages saving in a down economy

With so many people out of work, underemployed or deeply in debt the old adage "a penny saved is a penny earned" is easy to write off as a quaint sentiment. But at the micro-philanthropy organization Save Together, it’s not just sentiment, it’s an operating principle. The web-based organization allows individual donors to contribute small amounts of matching funds to the savings accounts of low-wage workers -- along the lines of the better-known microfinance organization, Kiva, but directed at domestic savers rather than international entrepreneurs. A recent article in the New York Times, however, questioned the transparency of the model. KALW’s Zoe Corneli asked Save Together CEO Dylan Higgins to explain.

Misisipi Mike
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