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Full-Text Articles in Social Work
Use Of Alternative Financial Services Among Low- And Moderate-Income Households: Findings From A Large-Scale National Household Financial Survey, Mathieu R. Despard, Dana C. Perantie, Lingzi Luo, Jane Oliphant, Michal Grinstein-Weiss
Use Of Alternative Financial Services Among Low- And Moderate-Income Households: Findings From A Large-Scale National Household Financial Survey, Mathieu R. Despard, Dana C. Perantie, Lingzi Luo, Jane Oliphant, Michal Grinstein-Weiss
Center for Social Development Research
Use of Alternative Financial Services Among Low- and Moderate-Income Households: Findings From a Large-Scale National Household Financial Survey
The Seed For Oklahoma Kids Child Development Account Experiment: Accounts, Assets, Earnings, And Savings, Sondra G. Beverly, Margaret M. Clancy, Jin Huang, Michael Sherraden
The Seed For Oklahoma Kids Child Development Account Experiment: Accounts, Assets, Earnings, And Savings, Sondra G. Beverly, Margaret M. Clancy, Jin Huang, Michael Sherraden
Center for Social Development Research
This brief presents the latest results from SEED for Oklahoma Kids, a pathbreaking randomized experiment to test the effects of automatic, universal, and progressive Child Development Accounts (CDAs) in a statewide sample. Key features of the CDA are automatic opening of a 529 account and an automatic initial $1,000 deposit. The results show that CDAs with automatic deposits invested in a 529 plan may enable children to accumulate meaningful levels of assets over time, even if their families do not contribute to the accounts. As the brief indicates, the new results also have key implications for public policy.
"Taking The Bank To The Youth:" Impacts On Saving And Asset Building From The Ghana Youthsave Experiment, Yungsoo Lee, Lissa Johnson, Michael Sherraden, David Ansong, Isaac Osei-Akoto, Gina Chowa
"Taking The Bank To The Youth:" Impacts On Saving And Asset Building From The Ghana Youthsave Experiment, Yungsoo Lee, Lissa Johnson, Michael Sherraden, David Ansong, Isaac Osei-Akoto, Gina Chowa
Center for Social Development Research
This working paper explores the experimental impact of in-school banking and financial marketing outreach on the savings performance of youth in schools across eight geographic regions in Ghana (i.e., “taking the bank to the youth”). The researchers found significant and sizable effects of the Ghana YouthSave experiment on savings performance. Youth in treatment schools performed better in terms of account opening, depositing, and savings than those in control schools. Between the two treatment conditions, in-school banking was more effective than marketing outreach in promoting account uptake and savings but the differences were marginally significant. Overall, the findings of the Ghana …
Do Eitc Recipients Use Their Tax Refunds To Get Ahead? Evidence From The Refund To Savings Initiative, Mathieu R. Despard, Dana C. Parantie, Jane Oliphant, Michal Grinstein-Weiss
Do Eitc Recipients Use Their Tax Refunds To Get Ahead? Evidence From The Refund To Savings Initiative, Mathieu R. Despard, Dana C. Parantie, Jane Oliphant, Michal Grinstein-Weiss
Center for Social Development Research
Many U.S. households lack savings for unexpected expenses and financial shocks, but tax refunds and the Earned Income Tax Credit offer opportunities to set aside resources for use in emergencies. Understanding what EITC recipients do with their tax refunds is important for guiding federal policy to promote financial stability. This brief summarizes findings on the use of tax refunds by EITC recipients in the Refund to Savings (R2S) initiative. It also examines the use of financial services for saving refunds and the financial shocks experienced by EITC recipients during the 6 months after tax filing.
Does Unsecured Debt Decrease Savings? Evidence From The Refund To Savings Initiative, Michal Grinstein-Weiss, Jane Oliphant, Blair D. Russell, Ray Boshara
Does Unsecured Debt Decrease Savings? Evidence From The Refund To Savings Initiative, Michal Grinstein-Weiss, Jane Oliphant, Blair D. Russell, Ray Boshara
Center for Social Development Research
Does Unsecured Debt Decrease Savings? Evidence From the Refund to Savings Initiative