Reinventing the Dowdy Savings Bond

From this week's HBS Working Knowledge newsletter: In the family of investment products, a U.S. savings bond might be cast as boring old Uncle Ned, snoozing away in the corner after dinner. There's nothing wrong with that—but HBS professor Peter Tufano envisions a more meaningful role for savings bonds in the financial lives of low- and moderate-income families. Low-risk and low-profile, savings bonds have been around for decades, offering the dual benefit of funding the national debt while acting as a savings vehicle for millions of Americans. In "Reinventing Savings Bonds," an article in Tax Notes (October 31, 2005) with Daniel Schneider, Tufano proposes a slight renovation of the program that will make it easier for asset-poor families to use savings bonds to build a nest egg for the future.
Read the HBS Working Knowledge article HERE.

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