Excerpt
SUMMARY: Credit unions in four states offer a lottery that gives savers the chance to win small monthly prizes or a yearly grand prize -- even if you don't win you get to keep the money you put in, plus interest. Supporters of this approach say it appeals to low and moderate income households; who have a harder time building assets.
ANNOUNCER: “Tonight’s Mega millions jackpot is an estimated annuitized $149,000,000…”
KARLA MURTHY: it’s a moment that millions of Americans wait for each week.
ANNOUNCER: “Tonight’s Mega millions jackpot is an estimated annuitized $149,000,000…”
KARLA MURTHY: It’s a moment that millions of Americans wait for each week.
It’s something called a prize-linked savings account.
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