Social and Behavioral Sciences Commons^™

Policy Recommendations For Financial Capability And Asset Building By Increasing Access To Safe, Affordable Credit, Julie Birkenmaier, Mathieu R. Despard, Terri Friedline

Center for Social Development Research

Strong credit is a prerequisite for financial well-being, but many U.S. consumers lack access to safe and affordable credit options. This brief, released through the Grand Challenges for Social Work initiative’s network toBuild Financial Capability for All, identifies policies that would enable households to build and maintain credit and that would ensure access to credit products with adequate consumer protections.

Policy Recommendations For Expanding Access To Banking And Financial Services, Terri Friedline, Mathieu R. Despard, Julie Birkenmaier

Center for Social Development Research

Access to financial services is a necessity in the modern economy, yet many households lack such access. This brief, released through the Grand Challenges for Social Work initiative’s network toBuild Financial Capability for All, identifies policies with the potential to expand access to financial services for households in the United States.

Build The Village That Raises The Child, Homegrown Stl

Center for Social Development Research

HomeGrown STL is an initiative to take on long-standing community disparities by improving the social mobility of the region’s 60,000 black boys and young men in one generation. More than 120 regional leaders and providers working to improve the lives of black boys and young men in St. Louis participated in the second annual HomeGrown STL Summit on February 8, 2018, at the Brown School of Social Work.

Taking Child Development Accounts To Scale: Ten Key Policy Design Elements, Michael Sherraden, Margaret M. Clancy, Sondra G. Beverly

Center for Social Development Research

The United States subsidizes asset accumulation for middle- and especially high-income families through the federal income tax system. Low-income families are much less likely than high-income families to benefit from these policies. The vision for Child Development Accounts (CDAs) has been for a universal and progressive policy aimed at long-term asset building for all. Bringing CDAs to scale nationwide in a sustainable manner will require a national policy structure, so that all children can build assets. This brief aims to advance universal and progressive CDAs by identifying 10 key design elements that can be implemented and sustained at scale.

Asset Building As Social Investment, Michael Sherraden

The Journal of Sociology & Social Welfare

Inclusive asset building as a social policy innovation is a relative “newcomer” in policy discussions and research. The context is that since the middle of the 20th century, many countries implemented asset-building policy that is not inclusive, serves mostly the well-off, and is highly

regressive. In the United States, for example, the largest policy mechanisms are in tax benefits for home owning and saving for retirement. Altogether in the United States, such policies transfer about $500 billion dollars per year to the non-poor, most of this to the top 10%. This of course exacerbates inequalities in wealth and social development. …

Social Development, Asset Building, And Social Investment: The Historical And International Context, James Midgley

The Journal of Sociology & Social Welfare

This article provides an historical background to the special issue by tracing the evolution of social development, asset building and social investment in different parts of the world. These approaches transcend remedial and service-oriented interventions and seek to promote progressive social change. They also stress the importance of investing in people and communities, and focusing on their strengths rather than deficits. The historical evolution of these three approaches in different countries and world regions is described, and their key features are highlighted. The article compares these approaches and considers some of their implications for social welfare, pointing out that they …