OPPORTUNITY TO ASSETS

At OPTA, we believe that the first step in helping low-income families to achieve financial capability starts with an effective savings strategy. Benefiting from cutting edge technology and a scientific approach to program development, OPTA has introduced its signature Savings Accelerator Account (SAA) platform of savings programs. This approach utilizes various behavioral heuristics to foster a sense of competitiveness as well a carefully designed incentive structures to offset the hidden risk premiums low-income people face in their everyday decision-making process... At OPTA, we believe that such measures are necessary but not sufficient. The knowledge-based approach is usually most effective when used preventatively. For people who are already trapped in poverty however, preventative policy measures that only aim to expand opportunities are not always effective. While the jury is still out on the exact reasons for this, we suspect that there is a distinct behavioral element to..

Primary location: Altadena United States