Saving for Microenterprise in Individual Development Accounts: Lessons From the American Dream Demonstration

Saving for Microenterprise in Individual Development Accounts: Lessons From the American Dream Demonstratio

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

SEED for Oklahoma Kids: Summary of Project, Research, and Policy Implications

SEED for Oklahoma Kids: Summary of Project, Research, and Policy Implication

SEED for Oklahoma Kids: Demonstrating Child Development Accounts for All Newborns

SEED for Oklahoma Kids: Demonstrating Child Development Accounts for All Newborn

SEED Universal Policy Model and Research Request for Proposal

SEED Universal Policy Model and Research Request for Proposa

The Universal Model in SEED

The Universal Model in SEE

Integrating Savings Into Microenterprise Programs for the Poor: Do Institutions Matter?

Numerous theoretical frameworks have been used to explain factors that influence outcomes of poor families engaged in self-employment. Theories related to human capital, social capital, andfinancial assets have guided most studies. Using data from fourteen institutions promoting self-employment among the poor, and drawing on the institutional theory, this study finds that theories related to individual influences do not adequately explain all the phenomenon.Controlling for a wide range of individual characteristics, there is a statistically significant association between institutional influences and participants’ outcomes. Policy makers shouldconsider a range of institutional characteristics when designing policies and programs aimed atpromoting self-employment among poor families

Automatic Deposits for All at Birth: Maine\u27s Harold Alfond College Challenge

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

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

Insights From State Treasurers: Developing and Implementing Statewide Child Development Account Policies

In 2018 and 2019, Pennsylvania, Nebraska, Illinois, and California enacted laws creating automatic, universal, at-birth CDA policies, and in 2020, the COVID-19 pandemic halted the progress of CDA bills in Missouri. Several states previously adopted CDA policies by administrative rule. This Policy Summary presents insights from four state treasurers based on their direct experience developing statewide CDA policy through legislation. On July 16, 2020, the treasurers and other professionals gathered virtually for “All Children Can Reach Their Potential: A CDA Conference.” In a panel discussion moderated by Missouri State Treasurer Fitzpatrick, Pennsylvania State Treasurer Joe Torsella, Nebraska State Treasurer John Murante, and Illinois State Treasurer Michael Frerichs discussed the process of implementing a statewide CDA policy: identifying the guiding principles, crafting funding mechanisms, working with state legislators to secure passage, and raising awareness of the enacted policies. The state treasurers also discussed policy elements that facilitate effective implementation and research that informed each of these statewide CDA policies