The ABLE National Resource Center (ABLE NRC) launched its sixth consecutive #ABLEtoSave 2022 campaign. #ABLEtoSave takes place in August and is a month-long grassroots education and informational campaign about Achieving a Better Life Experience (ABLE) accounts. The goal of #ABLEtoSave is to increase public awareness on the benefits of tax-advantaged ABLE savings and investment accounts to increase the financial well-being of people with disabilities.
ABLE accounts offer eligible individuals a path to “Achieve a Better Life Experience (ABLE)” through the ABLE Act legislation of 2014. According to the National Association of State Treasurers (NAST), at the end of March 2022, nearly 120,000 ABLE accounts have been opened with more than $1.1 billion invested; the average savings in an ABLE account is nearly $10,000. Additionally, an ABLE account does not jeopardize need-based benefits such as Medicaid, Supplemental Security Income (SSI) and many others.
“#ABLEtoSave Month is an opportunity for millions of eligible people with disabilities to learn how ABLE accounts can improve financial well-being and quality of life,” said Miranda Kennedy, Director, ABLE National Resource Center. “This year’s campaign includes panels featuring ABLE account owners and their family members, along with state ABLE plan administrators, representatives from the IRS and SSA. This campaign also focuses on the ways ABLE accounts can help address the needs of all individuals with a disability, including Black, Indigenous and People of Color (BIPOC) community members. The audience will hear how having an ABLE account can help diverse members of the disability community meet short- and long-term savings goals.”
Visit the ABLE National Resource Center website for a list of #ABLEtoSave activities and resources including videos and new Decision Guides. The campaign will have widespread participation from ABLE programs, major national disability groups, financial institutions and other stakeholders.
[Source(s): ABLE National Resource Center, PR Newswire]
August Marks the ABLE to Save Campaign Launch for 2021