MI-SEED Investment Funds and Account Growth: Implications for Achieving Higher Rates of Return in CDA Programs

In 2004, the Michigan Saving for Education, Entrepreneurship and Down Payment initiative (MI-SEED) recruited 430 families through 14 Head Start centers, enrolling 497 children in Child Development Accounts (CDAs). Designed to begin to address wealth disparities between low- and high-income families, the MI-SEED CDA used the state 529 college savings plan as the investment instrument. This brief presents results on MI-SEED savings and withdrawals through 2019. The results suggest that investment strategy greatly influences account growth, and the authors offer recommendations for ensuring acceptable growth in CDAs

Assets, Economic Opportunity, and Toxic Stress: A Framework for Understanding Child and Educational Outcomes

Child health, educational attainment, and family socioeconomic status are inextricably linked. We introduce a model that ties together research drawn from the fields of economics, education, psychology, sociology, medicine, epidemiology, neuroscience, public health and biostatistics. Organized around an integrated conceptual paradigm of environmental, economic, familial and psychosocial pathways, we demonstrate various ways SES alters the performance of biological systems, thereby affecting family interaction, stress, school success, and child outcomes

Parental expectations and educational outcomes for young African American adults: Do household assets matter?

African American children are more likely to be poor and live in households that are ‘‘asset poor,’’ with no or very little net worth. Using the Panel Study of Income Dynamics and its Child Development Supplement, this article explores whether living in a household with net worth above the sample median seems to promote educational success and the development of human capital over time, irrespective of income. Controlling for parental income and education, as well as gender, household wealth in the form of net worth was the best predictor of parental expectations, high school completion, and college enrollment for young African American adults. A brief discussion of possible asset-building policy options follows.http://deepblue.lib.umich.edu/bitstream/2027.42/64276/1/Parental_expectations_and_educational_outcomes_for_young_African_American_adults.pd

Start Lifelong Asset Building With Universal and Progressive Child Development Accounts

This policy action statement was developed by members of the networks engaged in the Grand Challenges to Build Financial Capability and Assets for All and to Reduce Extreme Economic Inequality. The Grand Challenges initiative’s policy action statements present proposals emerging from Social Innovation for America’s Renewal, a policy conference organized by the Center for Social Development at Washington University in collaboration with theAmerican Academy of Social Work & Social Welfare, which is leading the Grand Challenges for Social Work initiative to champion social progress through a national agenda powered by science

Start Lifelong Asset Building With Universal and Progressive Child Development Accounts

This policy action statement was developed by members of the networks engaged in the Grand Challenges to Build Financial Capability and Assets for All and to Reduce Extreme Economic Inequality. The Grand Challenges initiative’s policy action statements present proposals emerging from Social Innovation for America’s Renewal, a policy conference organized by the Center for Social Development at Washington University in collaboration with theAmerican Academy of Social Work & Social Welfare, which is leading the Grand Challenges for Social Work initiative to champion social progress through a national agenda powered by science

Saving in Low-Income Households: Evidence From Interviews With Participants in the American Dream Demonstration

Saving in Low-Income Households: Evidence From Interviews With Participants in the American Dream Demonstratio

Determinants of Asset Building

Determinants of Asset Buildin

Assessing Asset Data on Low-Income Households

Assessing Asset Data on Low-Income Household

Wealth Building in Rural America: Potential in Human Diversity

Wealth Building in Rural America: Potential in Human Diversit

Policy Recommendations for Meeting the Grand Challenge to Reduce Extreme Economic Inequality

This brief was created forSocial Innovation for America’s Renewal, a policy conference organized by the Center for Social Development in collaboration with the American Academy of Social Work & Social Welfare, which is leading theGrand Challenges for Social Work initiative to champion social progress. The conference site includes links to speeches, presentations, and a full list of the policy briefs