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Center for Social Development Research

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2014

Savings

Articles 1 - 7 of 7

Full-Text Articles in Social Work

New Measures Of Economic Security And Development: Savings Goals For Short-Term And Long-Term Economic Needs, Yunju Nam, Yungsoo Lee, Shawn Mcmahon, Michael Sherraden Dec 2014

New Measures Of Economic Security And Development: Savings Goals For Short-Term And Long-Term Economic Needs, Yunju Nam, Yungsoo Lee, Shawn Mcmahon, Michael Sherraden

Center for Social Development Research

The long-term economic security and development of a family depend largely upon saving and asset-accumulation, yet most measures of economic well-being focus on short-term consumption needs. This study takes a broader view, developing precautionary, retirement, homeownership and education savings goals. Together these savings goals constitute a new set of asset-based measures of family financial well-being. Estimated savings needs depend upon family type and other assumptions, and we consider investment gains and differences in dollar values over time in our calculations. This study shows that families should save $155 to $572 every month to address all four savings needs. The number …


Baseline Survey Of The Third Cohort: A Supplemental Report From The Youthsave Ghana Experiment, Gina Chowa, David Ansong, Rainier Masa, Shiyou Wu, Yalitza Ramos, Meli Blake Kimathi Oct 2014

Baseline Survey Of The Third Cohort: A Supplemental Report From The Youthsave Ghana Experiment, Gina Chowa, David Ansong, Rainier Masa, Shiyou Wu, Yalitza Ramos, Meli Blake Kimathi

Center for Social Development Research

Baseline Survey of the Third Cohort: A Supplemental Report From the YouthSave Ghana Experiment


Lack Of Emergency Savings Puts American Households At Risk, Michal Grinstein-Weiss, Blair Russell, Brad Tucker, Krista Comer Jun 2014

Lack Of Emergency Savings Puts American Households At Risk, Michal Grinstein-Weiss, Blair Russell, Brad Tucker, Krista Comer

Center for Social Development Research

Lack of Emergency Savings Puts American Households at Risk


Research Summary: Testing Universal College Savings Accounts At Birth: Early Research From Seed For Oklahoma Kids, Sondra G. Beverly, Margaret M. Clancy, Michael Sherraden Apr 2014

Research Summary: Testing Universal College Savings Accounts At Birth: Early Research From Seed For Oklahoma Kids, Sondra G. Beverly, Margaret M. Clancy, Michael Sherraden

Center for Social Development Research

SEED for Oklahoma Kids is a large-scale policy test of automatic and progressive Child Development Accounts (CDAs), and it is the first truly universal model in the United States. The SEED OK CDA is universal in that it opens an Oklahoma 529 College Savings Plan (OK 529) account on behalf of every infant in the treatment group. This report summarizes key findings and conclusions from SEED for Oklahoma Kids research. Even at this early stage, SEED OK research is informing policy and the design of college savings plans at the state level. Amore recent summary of SEED OK research is …


Automatic Deposits For All At Birth: Maine's Harold Alfond College Challenge, Margaret M. Clancy, Michael Sherraden Mar 2014

Automatic Deposits For All At Birth: Maine's Harold Alfond College Challenge, Margaret M. Clancy, Michael Sherraden

Center for Social Development Research

The first statewide Child Development Account (CDA) in the United States announced a major change in strategy to automatically enroll all newborns. Evidence from CDA research has contributed to the decision by the College Challenge to remove its original opt-in requirement—in which parents must enroll their newborns in the state’s 529 college savings plan to receive a $500 grant—in favor of universal enrollment—in which every child is enrolled automatically at birth with a $500 grant.


Refund To Savings: 2013 Results From A National Experiment To Build Financial Stability At Tax Time, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely Feb 2014

Refund To Savings: 2013 Results From A National Experiment To Build Financial Stability At Tax Time, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely

Center for Social Development Research

Refund to Savings: 2013 Results From a National Experiment to Build Financial Stability at Tax Time


Refund To Savings: 2013 Evidence Of Tax-Time Saving In A National Randomized Control Trial, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely Feb 2014

Refund To Savings: 2013 Evidence Of Tax-Time Saving In A National Randomized Control Trial, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely

Center for Social Development Research

Refund to Savings: 2013 Evidence of Tax-Time Saving in a National Randomized Control Trial