AARP Foundation has launched MySavingsJar, a free online resource that it said was designed to help low-income older adults and their families take small, achievable steps to save money for unanticipated expenses.
About 7,000 people have joined the platform since its beta launch in May 2019, Paolo Narciso, AARP Foundation vice president, said Tuesday. The general release followed this week. Of the 7,000 or so current users, “our member base is predominantly women, with female members making up 85%” of it, while about 2,800 members are low-income older adults (age 50+) and 4,000 members are 50 and older, Narciso told ThinkAdvisor.
People can sign up at www.mysavingsjar.org to join an online community, set up their personal online savings jar, complete community challenges and build short-term savings, according to the organization.