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Child Development Accounts In The Covid-19 Crisis: Lessons From The Great Recession, Michael Sherraden
Child Development Accounts In The Covid-19 Crisis: Lessons From The Great Recession, Michael Sherraden
Center for Social Development Research
The COVID-19 pandemic has triggered an economic downturn that will likely be worse than the Great Recession, especially for financially vulnerable households. Child Development Accounts (CDAs) were rigorously tested in the 2008-09 recession and produced positive financial and family results. Likewise, CDAs can be expected to have positive impacts on children in financially vulnerable households during and after the COVID-19 pandemic.
To confront this health and economic crisis, this research and policy report examines how CDA research from the previous recession can inform a new kind of social policy to address the current one. The report draws from in-person interviews …