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Prize-Linked Savings Account Analysis

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This paper explains what Prize Linked Savings accounts are, offering both definition and description. “This paper describes these products, provides examples of their use, argues for their potential popularity in the United States – especially to low and moderate income non-savers – and discusses the laws and regulations in the United States that largely prohibit their issuance.” This information comes from a credible set of authors from a credible institution. There is a vast amount of information regarding PLS accounts that will be useful for the core idea and implementing it as well as providing possible rebuttals. This is my first solution for the second part of my plan. Prize-linked saving accounts will have two positive effects on the

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