Expand the availability of thrift programs such as saving for higher education, retirement and caring for those Californians with disabilities. Expansion of the availability of these capitalistic programs will provide stronger emphasis on people before profits, greater economic security for aging persons, and a more dignified way of life for those with less ability to participate in conventional ways in California’s economy.  The California Treasurer chairs and oversees the following programs and outline its target outcomes: ScholarShare529: Established in 1999, ScholarShare 529 serves as California’s official state-sponsored 529 college savings plan.  Named after Section 529 of the Internal Revenue Code, savings plans such as ScholarShare 529 provide families with a valuable tool that offers families of all income levels a diverse set of low-cost investment options, tax-deferred growth and withdrawals free from state and federal taxes when used for qualified higher education expenses, such as tuition and fees, books, certain room and board costs, computer equipment and other required supplies. Even though educational attainment has long been viewed as the “great equalizer,” rapidly rising tuition rates and an increasing reliance on student loan debt have discouraged or prohibited many families from pursuing this endeavor. It is for the reason that in 2018, ScholarShare 529 launched the Matching Grant Program aimed at increasing the number of low- to moderate-income (LMI) families saving for future higher education expenses through the use of a ScholarShare 529 college savings plan by providing eligible families with a grant of up to $225 per beneficiary. Recent research reflects that children with $500 or less designated for college savings are 3 times more likely to enroll in college and nearly 4 times more likely to graduate than children with no savings. ScholarShare 529 plans to extend the Matching Grant Program again in 2021 and aims to increase participation levels by 10 percent year over year.   CalSavers: Established in 2018, CalSavers is a retirement savings program for private sector workers whose employers do not offer a retirement plan. This program gives employers an easy way to help their employees save for retirement, with no employer fees, no fiduciary responsibility, and minimal ongoing responsibilities. Nearly half of working Californians are on a trajectory to retire into economic hardship—if they can retire at all—driven largely by lack of access to a retirement plan at work. Too many businesses can’t afford the costs and liabilities of offering a private retirement plan and the industry has not found profit in serving this lower income market. Two-thirds of these uncovered workers are people of color and nearly 60 percent are women. Designed with the insights of behavioral economics, CalSavers offers a path to retirement security for millions of workers who have been under-served for decades. By establishing a broad employer mandate in addition to providing a public option for employers, we are not only expanding access through those who choose CalSavers but also spurring innovation, competition, and expanded participation in the private market. Following the program rollout period, CalSavers aims to enroll hundreds of thousands of actively contributing participants by 2023.   CalABLE: Established in 2018, CalABLE is a savings and investment plan offered by the State of California to individuals with disabilities that allows people with disabilities the opportunity to save and grow their money in tax-advantaged accounts without interfering with government benefit programs. It is estimated that families that include a person with a disability must earn up to 28 percent more income in order to obtain the same standard of living compared to a family without a person who has a disability. CalABLE creates an opportunity for people to save, invest, and grow their money, and use that money to pay for the additional costs of living a life with a disability. In the disability community approximately four in ten report significant difficulty in handling an emergency expense as small as $400. CalABLE aims to increase program enrollment by 250% by December 2030.