Author: Jami Carol CurleyPublisher:
ISBN:
Category :
Languages : en
Pages : 240
Book Description
The Role of Institutions in the Saving Participation and Performance of Low-income Households in Individual Development Accounts
Author: Jami Carol CurleyThe Role of Institutions In Low-income Households' Saving Behavior
Author: Jami CurleyPublisher:
ISBN: 9783838327624
Category : Individual development accounts
Languages : en
Pages : 140
Book Description
Can the Poor Save?
Author: Michael SherradenPublisher: Routledge
ISBN: 1351530232
Category : Business & Economics
Languages : en
Pages : 385
Book Description
Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. As part of this, they make the case for Individual Development Accounts (IDAs), a new policy proposal designed to help the poor save and to build assets. This book explores IDAs to determine their effectiveness. IDAs are matched savings accounts targeted on low-income, low-wealth individuals. Savings in IDAs are used for home ownership, post-secondary education, small business development, and other purposes. Do IDAs work? If they do, for whom? And does how an IDA is designed determine savings outcomes? This volume is the first analysis of matched savings by the poor to use data from monthly bank statements. It comes at a critical time, as debate rages over the merits of individual social security accounts. IDAs also respond to policy that is becoming more asset based and less inclusive of the poor. The authors argue for the efficacy of IDAs to counter this tendency. They find that while savings outcomes vary among participants, no characteristics (such as low income or public assistance) preclude saving. They examine effects of IDA design (the match rate, savings targets, and the use of automatic transfer) on savings results and analyze factors that influence varying rates of saving and spending over time. They conclude that financial education and other support services, though costly, improve savings performance. To address the issue of cost they suggest a two-tier system of IDA design, one with broad access and simple services and the other with targeted access and intensive services. Can the Poor Save? offers a wealth of lessons to those interested in saving and asset accumulation among the poor. It not only breaks new ground in the scientific study of savings behavior, but also offers concrete, evidence-based recommendations to improve policies designed to encourage the poor to save and how to make such policies more inclusive.
Asset Building and Low-income Families
Author: Signe-Mary McKernanPublisher: The Urban Insitute
ISBN: 9780877667544
Category : Business & Economics
Languages : en
Pages : 304
Book Description
Low-income families have scant savings to cushion a job loss or illness, and can find economic mobility impossible without funds to invest in education, homes, or businesses. And though a lack of resources leaves such families vulnerable, income-support programs are often closed to those with a bit of savings or even a car. Considering welfare-to-work reforms, the increasingly advanced skill demands of the American workforce, and our stretched Social Security system, such an approach is inadequate to lift families out of poverty. Asset-based policies--allowing or even helping low-income families build wealth--are an increasingly popular strategy to facilitate financial stability.
Financial Education and Capability
Author: Julie BirkenmaierPublisher: Oxford University Press
ISBN: 0199755957
Category : Business & Economics
Languages : en
Pages : 380
Book Description
This book introduces the concept of financial capability and assembles the latest evidence from ground-breaking innovations with financially vulnerable families, and links it to education, policy, and practice. It is a key resource for those interested in improving financial education and financial products and services for low-income families.
Financial Capability and Asset Development
Author: Julie BirkenmaierPublisher: Oxford University Press
ISBN: 0199344167
Category : Social Science
Languages : en
Pages : 380
Book Description
This book introduces the concept of financial capability and assembles the latest evidence from ground-breaking innovations with financially vulnerable families, and links it to education, policy, and practice. This book is a key resource for those interested in improving financial education and financial products and services for low-income families.
Bringing More Unbanked Americans Into the Financial Mainstream
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban AffairsPublisher:
ISBN:
Category : Social Science
Languages : en
Pages : 72
Book Description
Dissertation Abstracts International
Author: Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 620
Book Description
Inclusive Child Development Accounts
Author: Jin HuangPublisher: Routledge
ISBN: 100004825X
Category : Social Science
Languages : en
Pages : 184
Book Description
Inclusive Child Development Accounts showcases the global context of emerging asset-building policies and programmes around Child Development Accounts. Child Development Accounts (CDAs) are subsidized accounts that enable families to accumulate assets to invest in children’s development and life goals, such as postsecondary education, homeownership, business development, and retirement security. The vision for CDAs is to be universal (meaning everyone participates), progressive (meaning greater subsidies for the poor), and lifelong (meaning from the cradle to the grave). Since 1991, schools, communities, states, provinces, and entire countries have launched various CDA programs and policies. In the first part of the volume, scholars highlight the core feature of "inclusiveness" of CDAs in Singapore, Israel, and the United States. In the second part, scholars report on CDA policies and projects in Taiwan, Uganda, Korea, and mainland China. Showing how asset building can be effective in diverse cultural and social contexts, and that all these contexts emphasize the investing in children early in life and empowering of them to achieve their potential as productive citizens, Inclusive Child Development Accounts will be of great interest to scholars of social work, policy, investment, and development, as well as financial inclusivity. It originally published as a special issue of the Asia Pacific Journal of Social Work and Development.
Author: