Wachovia and America Saves Offer Savings Seminars to Major Corporations and
Their Employees
CHARLOTTE, N.C., Feb. 25 /PRNewswire-FirstCall/ -- If you believed you
could amass a million dollars in your lifetime by starting early and
watching your money grow, wouldn't you want to start right away? That's
what Wachovia and America Saves expect today with the launch of a joint
savings seminar, How to Save a Million Dollars.
How to Save a Million Dollars savings seminars are aimed at helping
consumers jump start their savings and offer encouragement, savings
strategies and tools to help consumers maximize their savings over a
lifetime. Wachovia is offering the free How to Save a Million Dollars
seminars to its corporate customers and their employees across the U.S.
The 30-minute and 60-minute seminars will feature...
-- Profiles of regular people who have saved $1 million.
-- Examples of the miracle of compounding interest.
-- The Top Ten savings tips.
Seminar attendees also receive a savings journal from Wachovia to help
track their spending and find ways to save.
"Wachovia is committed to significantly increasing the number of
Americans who are saving," said Kathryn Black, Savings Director and SVP for
Wachovia. "Our corporate customer relationships with businesses across the
country will help us reach thousands of Americans with this message of
savings education and encouragement."
"I worked with Wachovia to develop these seminars to address the key
learnings from our comprehensive savings study of more than 2,000
Americans, which was released in late 2007," said Stephen Brobeck,
executive director of the Consumer Federation of America, which manages the
America Saves campaign. "The study showed that people would be motivated to
save if they understood how saving a little money adds up over time through
the miracle of compounding interest."
The study conducted by Wachovia and CFA suggested that more than half
of Americans (52 percent) said that they cannot afford to save or are
saving inadequately, but that knowledge of interest compounding greatly
increased their optimism about saving successfully. The survey, based on
50-plus question interviews of more than 2,000 representative adult
Americans, was conducted by Opinion Research Corporation in November 2007.
The margin of error was plus or minus two percentage points.
ABOUT AMERICA SAVES AND CONSUMER FEDERATION OF AMERICA
America Saves is a nationwide social marketing campaign that encourages
and assists non-saving Americans to save and build wealth. It has enrolled
nearly 100,000 Savers and, with the non-profit American Savings and
Education Council, coordinates America Saves Week. America Saves is managed
by the non- profit Consumer Federation of America which, since 1968, has
sought to advance the consumer interest through research, education, and
advocacy.
ABOUT WACHOVIA CORPORATION
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $782.9 billion and
market capitalization of $75.3 billion at December 31, 2007. Wachovia
provides a broad range of retail banking and brokerage, asset and wealth
management, and corporate and investment banking products and services to
customers through 3,400 retail financial centers in 21 states from
Connecticut to Florida and west to Texas and California, and nationwide
retail brokerage, mortgage lending and auto finance businesses. Globally,
clients are served in selected corporate and institutional sectors and
through more than 40 international offices. Our retail brokerage operations
under the Wachovia Securities brand name manage more than $1.2 trillion in
client assets through 17,900 registered representatives in 1,500 offices
nationwide. Online banking is available at http://www.wachovia.com; online
brokerage products and services at http://www.wachoviasec.com; and
investment products and services at http://www.evergreeninvestments.com.
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com
CONTACT:
Ferris Morrison of Wachovia Corporation,
+1-704-383-8164, Ferris.Morrison@wachovia.com; or Jack Gillis of
CFA, +1-202-737-0766, or Jennifer Sharpe, +1-336-774-9494,
Jennifer.Sharpe@mullen.com, for Wachovia Corporation
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