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Articles 61 - 90 of 589
Full-Text Articles in Social Work
A Bill To Create The Bright Futures Plan Task Force: Testimony On H.B. 2389 Before The House Education Committee, Oregon State Legislature, Michael Sherraden
A Bill To Create The Bright Futures Plan Task Force: Testimony On H.B. 2389 Before The House Education Committee, Oregon State Legislature, Michael Sherraden
Center for Social Development Research
Legislation introduced in the Oregon House of Representatives early in 2019 proposed the creation of a task force to develop recommendations for increasing the number of children with savings for postsecondary education. The proposed Oregon Bright Futures Task Force would be obligated to submit its recommendations by January 2020. This document presents remarks prepared by Michael Sherraden and Margaret Clancy. Presented by Sherraden in testimony before the House Committee on Education on March 13, 2019, the remarks identify key design elements of Child Development Account policies and note experiences gained from research and as well as other policy engagements.
Social Mobility: The Necessary Focus Of St. Louis Investment In Black Males, Sean Joe, Robert Motley
Social Mobility: The Necessary Focus Of St. Louis Investment In Black Males, Sean Joe, Robert Motley
Center for Social Development Research
The tragic killing of Michael Brown at the hand of Darren Wilson, a Ferguson, Missouri, police officer, further highlighted the long-standing disparities in health, education, employment, and overall well-being disproportionately burdening Black boys and young men in the St. Louis region. Since that event and the associated developments, actions have centered on attending to structural determinants, racism, and equity. However, less attention has been devoted to the overall well-being of Black boys and young men ages 18 to 29 in the St. Louis region and to the paucity of available economic opportunities. This brief report seeks to shift the focus …
The Meadowlark Scholarship Act: Testimony On L.B. 544 Before The Education Committee 106th Nebraska Legislature, Margaret Clancy
The Meadowlark Scholarship Act: Testimony On L.B. 544 Before The Education Committee 106th Nebraska Legislature, Margaret Clancy
Center for Social Development Research
In late January 2019, legislators in the state of Nebraska introduced a package of bills designed to broaden access to postsecondary education and to encourage saving in the state 529 college savings plan. The proposed legislation’s central piece, the Meadow Lark Scholarship Act, would create a universal, at-birth, $100 seed deposit for every child born in the state. Other bills would authorize an automatic savings match program for low- and moderate-income families who save in the state 529 plan, exclude 529 contributions in determining eligibility for need-based public benefits, and make other changes to the 529 plan. On February 5, …
Asset Building As Social Investment, Michael Sherraden
Asset Building As Social Investment, Michael Sherraden
Center for Social Development Research
Asset-building policies have been widely adopted since the middle of the 20th century, but most lack features that would make them accessible to all populations—features such as universal at-birth enrollment and progressive incentive structures. Because these policies are not inclusive, they primarily serve the well-off and are highly regressive. In this contribution to Social Investments, Asset Building, and Social Development—the State of the Art: A Special Issue in Honor of James Midgley, Michael Sherraden continued the work of formulating a proposal for a national policy to foster broad economic security by extending the benefits of asset accumulation to all members …
Financial Capability As Social Investment, Mary Caplan, Margaret S. Sherraden, Junghee Bae
Financial Capability As Social Investment, Mary Caplan, Margaret S. Sherraden, Junghee Bae
Center for Social Development Research
In this contribution to Social Investments, Asset Building, and Social Development—the State of the Art: A Special Issue in Honor of James Midgley, the authors discuss trends in financial vulnerability, identify global indicators, and present a series of case studies that collectively illustrate the state of efforts to broaden financial capability. They suggest ways in which those efforts fit within a social investment framework.
The Global Research Agenda On Volunteering For Peace And Development, Benjamin J. Lough Phd, Cliff Allum, Peter Devereux, Rebecca Tiessen
The Global Research Agenda On Volunteering For Peace And Development, Benjamin J. Lough Phd, Cliff Allum, Peter Devereux, Rebecca Tiessen
Center for Social Development Research
This brief discusses the global research agenda on volunteering in activities designed to advance peace and foster development, reviewing the agenda’s history, objectives, and priorities. It also revisits key areas of research progress made from 2015 through 2018 and discusses the resources needed to further advance this agenda through 2025.
Incomplete Democracy: The Relationship Of Race, Income, And Education To Voter Participation, Gena Gunn Mcclendon Phd, Kyle A. Pitzer, Austin T. Tolani
Incomplete Democracy: The Relationship Of Race, Income, And Education To Voter Participation, Gena Gunn Mcclendon Phd, Kyle A. Pitzer, Austin T. Tolani
Center for Social Development Research
Does the growing number of registered voters represent the diverse population of the United States, particularly the population’s racial, economic, and educational diversity? This research brief examines the characteristics of voters and whether their demographics are associated with voter participation rates in the City of St. Louis, Missouri, and in St. Louis County. It presents findings from zip code–level analyses of voting and registration data. The authors propose a two-pronged strategy for strengthening electoral participation and offer specific policy recommendations.
Promoting Savings At Tax Time: Insights From Online And In-Person Tax Preparation Services, Genevieve Davison, Ellen Frank-Miller, Stephen P. Roll, Michal Grinstein-Weiss
Promoting Savings At Tax Time: Insights From Online And In-Person Tax Preparation Services, Genevieve Davison, Ellen Frank-Miller, Stephen P. Roll, Michal Grinstein-Weiss
Center for Social Development Research
This report presents findings and insights from Refund to Savings: Applications for myRA, a collaborative project involving the U.S. Department of the Treasury, Washington University in St. Louis, and Intuit, Inc. The project explored methods of promoting the myRA (My Retirement Account) savings program at tax time—that is, when households file their taxes. It focused specifically on opportunities in an online tax-filing setting and in person at Volunteer Income Tax Assistance (VITA) sites. The first component of the project examined the retirement needs of low- and moderate-income (LMI) tax filers through a large, national, online survey. It also …
Refund To Savings 2015-2016: Field Experiments To Promote Tax-Time Saving In Low- And Moderate-Income Households, Stephen P. Roll, Genevieve Davison, Michal Grinstein-Weiss, Mathieu R. Despard, Sam Bufe
Refund To Savings 2015-2016: Field Experiments To Promote Tax-Time Saving In Low- And Moderate-Income Households, Stephen P. Roll, Genevieve Davison, Michal Grinstein-Weiss, Mathieu R. Despard, Sam Bufe
Center for Social Development Research
This report covers the design and impacts of the R2S experiments in the 2015 and 2016 tax seasons (which include the 2014 and 2015 tax years), and also includes results from a 6-month follow-up survey conducted in 2015 to assess how the impacts of R2S interventions persist over time. These interventions reached a large number of tax filers in both of these years; 646,116 in 2015 and 284,125 in 2016.
How Do Changes To 529 Rules Affect Children’S Savings Account Programs?, Margaret Clancy, Shira Markoff, Justin King
How Do Changes To 529 Rules Affect Children’S Savings Account Programs?, Margaret Clancy, Shira Markoff, Justin King
Center for Social Development Research
Federal legislation enacted late in 2017 altered the statue governing 529 college savings plans, which were originally designed to hold assets for postsecondary education. Under the amended statute, funds in 529 plans may be used to cover K–12 tuition. This brief, developed through the Center for Social Development’s collaboration with Prosperity Now and New America, examines the implications of the changes for existing Child Development Account (CDA) policies and concludes that the new federal rule changes do not affect the ability of CDA programs to retain previous—or define new—restrictions for postsecondary education use. Yet, as the discussion illustrates, CDA programs …
Policy Recommendations For Financial Capability And Asset Building By Increasing Access To Safe, Affordable Credit, Julie Birkenmaier, Mathieu R. Despard, Terri Friedline
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
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.
Policy Recommendations For Helping U.S. Households Build Emergency Savings, Mathieu R. Despard, Terri Friedline, Julie Birkenmaier
Policy Recommendations For Helping U.S. Households Build Emergency Savings, Mathieu R. Despard, Terri Friedline, Julie Birkenmaier
Center for Social Development Research
In households without emergency savings, an unexpected expense or financial shock can heighten stress and threaten the ability to meet basic needs. This brief, released through the Grand Challenges for Social Work initiative’s network toBuild Financial Capability for All, identifies three types of policies to enable U.S. households to save for emergencies.
Next Steps: Whither Social Work Education And Financial Capability And Asset Building?, Darla Spence Coffey
Next Steps: Whither Social Work Education And Financial Capability And Asset Building?, Darla Spence Coffey
Center for Social Development Research
This CSD Perspective has been adapted from an address given by Dr. Coffey on April 17, 2018, as part of Coin a Better Future: Reaching Out to Financially Vulnerable Families, an event sponsored by the Center for Social Development at Washington University and the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.
A Toolkit For Expanding Financial Capability At Tax Time, Genevieve Davison, Merideth Covington, Olga Kondratjeva, Stephen P. Roll, Michal Grinstein-Weiss
A Toolkit For Expanding Financial Capability At Tax Time, Genevieve Davison, Merideth Covington, Olga Kondratjeva, Stephen P. Roll, Michal Grinstein-Weiss
Center for Social Development Research
This work expands upon The Volunteer Income Tax Preparer’s Toolkit: Showing Clients Why Tax Time is the Right Time to Save, a 2015 Toolkit by the Center for Social Development. This new offering presents the current evidence underpinning various tax-time efforts to expand financial capability among low- and moderate-income households. It includes sections on creating a VITA program and on several financial-capability products and services that organizations can offer alongside free tax-preparation services. The evidence comes from a variety of sources, but we highlight findings from research conducted by CSD, particularly that conducted as part of the Refund to Savings …
Faculty Perspectives On Financial Capability And Asset Building In Social Work Education: A Research Report, Margaret S. Sherraden, Jin Huang, Lissa Johnson, Peter Dore, Julie Birkenmaier, Vernon Loke, Sally Hageman
Faculty Perspectives On Financial Capability And Asset Building In Social Work Education: A Research Report, Margaret S. Sherraden, Jin Huang, Lissa Johnson, Peter Dore, Julie Birkenmaier, Vernon Loke, Sally Hageman
Center for Social Development Research
This report is based on a study conducted in collaboration with the Council on Social Work Education. The report presents findings from a national online survey of social work faculty. Results identify financial and economic (F&E) content taught in the current curriculum, gaps in coverage, and strategies for improving the academic preparation of social workers in these areas. Findings will inform financial capability and asset-building curriculum and improve the academic preparation of social workers.
Build The Village That Raises The Child, Homegrown Stl
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
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.
The State Of State Eitcs: An Overview And Their Implications For Low- And Moderate-Income Households, Genevieve Davison, Stephen P. Roll, Samuel H. Taylor, Michal Grinstein-Weiss
The State Of State Eitcs: An Overview And Their Implications For Low- And Moderate-Income Households, Genevieve Davison, Stephen P. Roll, Samuel H. Taylor, Michal Grinstein-Weiss
Center for Social Development Research
The success of the federal Earned Income Tax Credit (EITC) has prompted numerous states to develop and administer their own EITC programs. This brief presents the results of analyses that used data from a large sample of low- and moderate-income households to learn more about the relationship between state and federal EITCs as well as about their relationships, respective and combined, with financial behaviors and the experience of financial and material hardship. Given that many EITC beneficiaries face substantial risk of experiencing income volatility and financial shocks, insights gained from this brief can assist policymakers in understanding the importance of …
Responses To And Repercussions From Income Volatility In Low- And Moderate-Income Households: Results From A National Survey, Stephen P. Roll, David S. Mitchell, Krista Holub, Sam Bufe, Michal Grinstein-Weiss
Responses To And Repercussions From Income Volatility In Low- And Moderate-Income Households: Results From A National Survey, Stephen P. Roll, David S. Mitchell, Krista Holub, Sam Bufe, Michal Grinstein-Weiss
Center for Social Development Research
This is the second in a series of briefs that the Center for Social Development has produced in partnership with the Aspen Institute’s Expanding Prosperity Impact Collaborative (EPIC) and the Intuit Tax and Financial Center. Thefirst brief highlighted new data on the prevalence of income and expense volatility in low- and moderate-income households. This second brief examines income volatility’s effects on Americans’ financial lives, showing that it is associated with dramatic increases in the likelihood of experiencing several hardships. The findings have broad implications for future research and policy.
The Role Of Choice Architecture In Promoting Saving At Tax Time: Evidence From A Large-Scale Field Experiment, Michal Grinstein-Weiss, Cynthia Cryder, Mathieu R. Despard, Dana C. Perantie, Jane E. Oliphant, Dan Ariely
The Role Of Choice Architecture In Promoting Saving At Tax Time: Evidence From A Large-Scale Field Experiment, Michal Grinstein-Weiss, Cynthia Cryder, Mathieu R. Despard, Dana C. Perantie, Jane E. Oliphant, Dan Ariely
Center for Social Development Research
This paper presents the findings of a large-scale field experiment (N = 646,16) from the Refund to Savings Initiative. The experiment tested a choice architecture and persuasive messaging intervention that increased saving among low-moderate income (LMI) consumers by approximately 50% during tax refund time. Two follow-up experiments parsed components of the intervention. The first follow-up experiment (N = 569) tested the messaging and choice architecture interventions separately, finding that each can increase savings. a final follow-up experiment (N = 554) tested individual elements of the choice architecture intervention, demonstrating that mere mention of savings within choice options was not sufficient …
The Experience Of Volatility In Low- And Moderate-Income Households: Results From A National Survey, Stephen P. Roll, David S. Mitchell, Sam Bufe, Gracie Lynne, Michal Grinstein-Weiss
The Experience Of Volatility In Low- And Moderate-Income Households: Results From A National Survey, Stephen P. Roll, David S. Mitchell, Sam Bufe, Gracie Lynne, Michal Grinstein-Weiss
Center for Social Development Research
This is the first in a series of briefs that the Center for Social Development has produced in partnership with the Aspen Institute’s Expanding Prosperity Impact Collaborative (EPIC) and the Intuit Tax and Financial Center. It highlights new data on the prevalence of income and expense volatility in low- and moderate-income households.
Productive Engagement Early In Life: Civic And Volunteer Service As A Pathway To Development, Benjamin J. Lough, Margaret S. Sherraden, Amanda Moore Mcbride, Michael Sherraden, Suzanne Pritzer
Productive Engagement Early In Life: Civic And Volunteer Service As A Pathway To Development, Benjamin J. Lough, Margaret S. Sherraden, Amanda Moore Mcbride, Michael Sherraden, Suzanne Pritzer
Center for Social Development Research
Globalization and information-age technology have led to declines in labor market opportunity, especially for youth. In this paper, we suggest a robust emphasis on civic and volunteer service as one promising policy response. Service can promote civic engagement, meaningful roles in society, and work experience, while making substantial contributions to social and economic well-being. The classic historical example is the Civilian Conservation Corps (CCC) created by President Franklin Roosevelt during the Depression of the 1930s. The CCC was enormously productive and enjoyed strong bipartisan political support. In order to re-create this potential, policies for civic and volunteer service should be …
Fair Housing And Inclusive Communities, Molly W. Metzger, Amy T. Khare
Fair Housing And Inclusive Communities, Molly W. Metzger, Amy T. Khare
Center for Social Development Research
Residential segregation—by race and by income—is a fundamental driver of inequality in the United States. Segregated living patterns undergird many of the social problems faced by disadvantaged populations. Solutions to segregation include interventions that create housing opportunity in higher income areas, preserve affordability in gentrifying areas, and target investment to the areas most in need. The realization of fair housing and the creation of inclusive communities would be bolstered by innovation in community–academic partnerships.
Financial Literacy In China: Priorities And A Direction, Yiqing Yuan, Minchao Jin
Financial Literacy In China: Priorities And A Direction, Yiqing Yuan, Minchao Jin
Center for Social Development Research
Growing income disparity, a shrinking social welfare system, expanding financial markets, and diversifying financial products have pushed economically vulnerable groups in China into greater disadvantage in recent decades. The government has acknowledged the urgency of this situation, which underscores the micro- and macro-level importance of financial literacy and of its study. In general, there are two priorities in efforts to study financial literacy in China. One is theoretical, and the other is empirical. The theoretical priority, which comes from Western research, is to develop conceptual precision; the financial-literacy framework is not well defined, fails to differentiate among related concepts, and …
Annual Report On The Head Start Family Financial Capability Program: 2015–2016, Jami Curley, Anne S. Robertson
Annual Report On The Head Start Family Financial Capability Program: 2015–2016, Jami Curley, Anne S. Robertson
Center for Social Development Research
This report presents results from a mixed-methods evaluation of the third year of implementation of a financial-capability program with Head Start families in the St. Louis, Missouri, metropolitan area: The Head Start Family Financial Capability (HSFFC) Program. The program combined savings incentives, budget and credit counseling, and one-on-one coaching with 10 hours of financial education on debt management, banking, budgeting, saving, and credit. The results reported here come from analyses of data on 339 adult program participants from Head Start families, 107 Head Start staff who participated in the program, and administrators and staff implementing the program at Head Start …
Statewide Child Development Account Policies: Key Design Elements, Margaret M. Clancy, Sondra G. Beverly
Statewide Child Development Account Policies: Key Design Elements, Margaret M. Clancy, Sondra G. Beverly
Center for Social Development Research
Child Development Accounts (CDAs) aim to build assets for postsecondary education. Unlike many asset-building programs, CDAs were explicitly conceived to be universal (every child is included) and progressive (greater support for disadvantaged children). Four states have created statewide CDAs—Baby Scholars in Connecticut, the Harold Alfond College Challenge in Maine, College Kick Start in Nevada, and CollegeBoundbaby in Rhode Island. In this policy report, we describe these CDAs to provide perspective and inform new initiatives. We begin by identifying 10 key CDA policy design elements originally modeled by the CDA in the SEED for Oklahoma Kids experiment. By modeling key design …
Employee Financial Wellness Programs Project: Comprehensive Report Of Findings, Ellen Frank-Miller, Meredith Covington, Mathieu R. Despard, Geraldine Hannon, Michal Grinstein-Weiss
Employee Financial Wellness Programs Project: Comprehensive Report Of Findings, Ellen Frank-Miller, Meredith Covington, Mathieu R. Despard, Geraldine Hannon, Michal Grinstein-Weiss
Center for Social Development Research
Using insights from employers and employees to generate evidence on employee financial wellness programs (EFWPs), this research report illustrates findings from a mixed-methods study assessing the potential of these programs to increase the financial stability of American workers. The research team surveyed employers that offered or were interested in offering an EFWP and subsequently conducted in-depth interviews with a subsample of those employers to acquire a greater understanding of survey responses. Further, the research team conducted intensive case studies, examining the relationship between EFWP providers and their clients as well as the dynamics of program delivery. These case studies benefitted …
Asset Limits For Means-Tested Public Assistance: Considerations For Child Development Account Proponents, Sondra G. Beverly, Margaret M. Clancy
Asset Limits For Means-Tested Public Assistance: Considerations For Child Development Account Proponents, Sondra G. Beverly, Margaret M. Clancy
Center for Social Development Research
If low-income families believe that having savings will jeopardize their public assistance benefits, they are unlikely to participate in Child Development Account (CDA) programs. This policy brief (1) documents the impact of CDA savings on five public assistance programs (Medicaid, CHIP, SNAP, LIHEAP, and TANF) and (2) identifies opportunities for policy change at the state level. CDA savings held in agency-owned accounts do not affect public assistance because students and families do not own the savings. Personal deposits held in individually-owned CDAs may affect assistance, but our review shows that they often do not, especially when held in 529 college …
Employee Financial Wellness Programs: A Review Of The Literature And Directions For Future Research, Geraldine Hannon, Meredith Covington, Mat Despard, Ellen Frank-Miller, Michal Grinstein-Weiss
Employee Financial Wellness Programs: A Review Of The Literature And Directions For Future Research, Geraldine Hannon, Meredith Covington, Mat Despard, Ellen Frank-Miller, Michal Grinstein-Weiss
Center for Social Development Research
This is a literature review of studies that have examined the implementation of financial wellness programs in the workplace. The review suggests that employee financial wellness programs (EFWPs) have drawn on both existing and new methods to improve the financial security of employees. Although a number of studies have been conducted on employer-based financial education and retirement planning, evidence concerning the efficacy of EFWPs is limited. Moreover, the methodological shortcomings of studies in the workplace financial wellness field have limited evidence concerning returns on investment and impeded efforts to make best-practice recommendations. Thus, researchers should consider strengthening the evidence base …