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Full-Text Articles in Social Work
Using Individual Development Accounts To Save For A Home: Are There Differences By Race?, Michal Grinstein-Weiss, Kristen Wagner
Using Individual Development Accounts To Save For A Home: Are There Differences By Race?, Michal Grinstein-Weiss, Kristen Wagner
Center for Social Development Research
Research indicates that homeownership is a key variable in wealth accumulation. Using data from the American Dream Demonstration, this study examines the performance of low-incomeblacks and whites saving for homeownership through Individual Development Accounts (IDAs), a matched saving program. Results show black IDA participants saved smaller amounts and less frequently. Furthermore, findings suggest institutional variables have different associations with savings for blacks and whites. Implications for policymakers and program administrators are discussed regarding differential targeting of race groups in the design and implementation of programs aimed toward increasing savings and assets accumulation for low-income and minority households.
The I Can Save Program: School-Based Children's Saving Accounts For College, Margaret Sherraden, Lissa Johnson, William Elliott, Shirley Porterfield, William Rainford
The I Can Save Program: School-Based Children's Saving Accounts For College, Margaret Sherraden, Lissa Johnson, William Elliott, Shirley Porterfield, William Rainford
Center for Social Development Research
This paper examines an innovative college savings program for public elementary school children. The project is based on the proposition that children will gain financial knowledge and be more likely to view college as an attainable goal because they are accumulating savings to help pay for higher education. As the latest in a long history of school-based savings programs, this program pioneers the idea of matched savings in which children and family savings in the students’ accounts are matched one to one up to a maximum of $3,500. Findings suggest that the principal, teachers, children, and their families are enthusiastic …
Barriers To Asset Accumulation For Families In The Seed Pre-School Demonstration And Impact Assessment, Sondra G. Beverly, Jared Barton
Barriers To Asset Accumulation For Families In The Seed Pre-School Demonstration And Impact Assessment, Sondra G. Beverly, Jared Barton
Center for Social Development Research
Barriers to Asset Accumulation for Families in the SEED Pre-School Demonstration and Impact Assessment
How Young People Save Money: Findings From Interviews With Seed Participants, Edward Scanlon, Jennifer Wheeler Brooks, Deborah Adams
How Young People Save Money: Findings From Interviews With Seed Participants, Edward Scanlon, Jennifer Wheeler Brooks, Deborah Adams
Center for Social Development Research
How Young People Save Money: Findings From Interviews With SEED Participants
From Financial Literacy To Financial Capability Among Youth, Elizabeth Johnson, Margaret S. Sherraden
From Financial Literacy To Financial Capability Among Youth, Elizabeth Johnson, Margaret S. Sherraden
Center for Social Development Research
Youth in the United States are facing an increasingly complex and perilous financial world. Economically disadvantaged youth, in particular, lack financial knowledge and access to mainstream financial institutions. Despite growing interest in youth financial literacy, we have not seen comparable efforts to improve institutional access to financial institutions and services. Instead of aiming for financial literacy, we suggest aiming for financial capability, a concept that builds on the writing of Amartya Sen and Martha Nussbaum. The paper proposes that financial capability results when individuals develop financial knowledge and skills, but also gain access to financial instruments and institutions. The paper …