Center for Social Development

The Downpayments on the American Dream Policy Demonstration (ADD) was the first large-scale demonstration of Individual Development Accounts (IDAs), with approximately 2,400 accounts opened at 13 sites across the country. CSD led the research design and dissemination for this demonstration, designing a multi-pronged approach that included both quantitative and qualitative research methods. An experimental design was executed at the ADD site with the largest number of program participants. This research, which is ongoing, has yielded a considerable number of papers, reports, journal articles, and books, informing policymakers and others on topics related to creating effective opportunities for low- to moderate-income populations to save and invest in such assets as homes, businesses, higher education and retirement.

Funding provided by Ford Foundation, Joyce Foundation, Charles Stewart Mott Foundation, Citigroup Foundation, F.B. Heron Foundation, Fannie Mae Foundation, Levi Strauss Foundation, Ewing Marion Kauffman Foundation, John D. and Catherine T. MacArthur Foundation, Rockefeller Foundation, the Moriah Fund, and the MetLife Foundation.

Principal Investigator: Sherraden, Michael
Project Start: 1/1/1997

Project End: 1/1/2003

Point of Contact:

Lissa Johnson

Administrative Director, CSD

ejohnson@wustl.edu

Funder: Multiple Funders

	Related Products:
	Publication Year: 2009 Huang, J. (2009). IDAs, saving taste, and household wealth: Evidence from the American Dream Demonstration (CSD Working Paper 09-27). St. Louis, MO: Washington University, Center for Social Development. Rothwell, D., & Han, C.-K. (2009). Second thoughts: Who almost participates in an IDA? (CSD Working Paper 09-25). St. Louis, MO: Washington University, Center for Social Development. Publication Year: 2008 Lombe, M., Huang, J., Putnam, M., & Cooney, K. (2008). Exploring saving performance in an IDA for people with disabilities: Some preliminary findings (CSD Working Paper 08-27). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M. (2008). IDAs and asset-building policy: Lessons and directions (CSD Working Paper 08-12). St. Louis, MO: Washington University, Center for Social Development. Grinstein-Weiss, M., Yeo, Y. H., Despard, M., & Zhan, M. (2008). Does banking experience matter: Differences of the banked and unbanked in Individual Development Accounts (CSD Working Paper 08-08). St. Louis, MO: Washington University, Center for Social Development. Putnam, M., Sherraden, M., Zhang, L., & Morrow-Howell, N. (2008). Age differences in IDA savings outcomes: Findings from the American Dream Demonstration. Journal of Aging and Social Policy, 20(1), 45-64. Publication Year: 2007 Han, C.-K., & Sherraden, M. (2007). Do institutions really matter for saving among low-income households? A comparative approach (CSD Working Paper 07-26). St. Louis, MO: Washington University, Center for Social Development. Han, C.-K., Grinstein-Weiss, M., & Sherraden, M. (2007). Assets beyond saving in Individual Development Accounts (CSD Working Paper 07-25). St. Louis, MO: Washington University, Center for Social Development. Subsequent publication: Han, C.-K., Grinstein-Weiss, M., & Sherraden, M. (2009) Assets beyond savings in Individual Development Accounts. Social Service Review 83(2): 221-244. Han, C.-K., & Sherraden, M. (2007). Attitudes toward institutional features and savings in Individual Development Accounts: Latent Class Analysis (CSD Working Paper 07-24). St. Louis, MO: Washington University, Center for Social Development. Grinstein-Weiss, M., Jung-Sook, L., Irish, K., & Han, C.-K. (2007). Fostering low-income homeownership: A longitudinal randomized experiment on Individual Development Accounts (CSD Working Paper 07-03). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M., & Sherraden, M. (2007). Can the poor save? Saving & asset building in Individual Development Accounts. New Brunswick, NJ: Transaction Publishers. Publication Year: 2006 Han, C.-K. (2006). Saving in individual development accounts: Latent growth curve modeling (CSD Working Paper 06-17). St. Louis, MO: Washington University, Center for Social Development. Ssewamala, F. M., Lombe, M., & Curley, J. C. (2006). Using individual development accounts for microenterprise development (CSD Working Paper 06-08). St. Louis, MO: Washington University, Center for Social Development. Grinstein-Weiss, M., & Wagner, K. (2006). Using individual development accounts to save for a home: Are there differences by race? (CSD Working Paper 06-06). St. Louis, MO: Washington University, Center for Social Development. Publication Year: 2005 Schreiner, M., & Sherraden, M. (2005). Saving in ADD: Measures from MIS IDA (CSD Report 05-41). St. Louis, MO: Washington University, Center for Social Development. Nares, P. (2005). The impacts of the American Dream Demonstration on savings and asset-building in Canada (CSD Report 05-40). St. Louis, MO: Washington University, Center for Social Development. Maxwell, D., & Paxton, W. (2005). ADD: Lessons from the UK (CSD Research Report 05-39). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M. (2005). What does an IDA cost? Some measures from ADD (CSD Research Report 05-38). St. Louis, MO: Washington University, Center for Social Development. Friedman, R. (2005). Hope in concrete form: The downpayments on the American Dream Demonstration: Conception, contributions, challenges, and consequences (CSD Report 05-37). St. Louis, MO: Washington University, Center for Social Development. Barr, M. S. (2005). Financial services and savings: Theory and evidence from the American Dream Demonstration (CSD Report 05-35). St. Louis, MO: Washington University, Center for Social Development. Mills, G. (2005). Evaluation of the American Dream Demonstration: Impacts of IDAs on participant savings and asset ownership (CSD Research Report 05-34). St. Louis, MO: Washington University, Center for Social Development. Adams, D. (2005). ADD implementation assessment: Design, implementation, and administration of individual development account programs in the American Dream Demonstration (CSD Research Report 05-33). St. Louis, MO: Washington University, Center for Social Development. Zhan, M., & Grinstein-Weiss, M. (2005). Educational status and savings performance in Individual Development Accounts (CSD Working Paper 05-30). St. Louis, MO: Washington University, Center for Social Development. Banov, R. (2005). The effect of health insurance on savings outcomes in Individual Development Accounts (CSD Report 05-29). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M. (2005). Inclusion in asset building: Testimony for hearing on "Building Assets for Low-Income Families" Subcommitte on Social Security and Family Policy Senate Finance Committee (CSD Perspective 05-24). St. Louis, MO: Washington University, Center for Social Development. Reid, C. K. (2005). Achieving the American dream? A longitutinal analysis of the homeownership experiences of low-income households (CSD Working Paper 05-20). St. Louis, MO: Washington University, Center for Social Development. Grinstein-Weiss, M., Wagner, K., & Ssewamala, F. (2005). Saving and asset accumulation among low-income families with children in IDAs (CSD Working Paper 05-09). St. Louis, MO: Washington University, Center for Social Development. Lombe, M., & Sherraden, M. (2005). Impact of asset ownership on social inclusion (CSD Working Paper 05-06). St. Louis, MO: Washington University, Center for Social Development. Rice, S. (2005). From individual development accounts to community asset building: An exploration in bridging people- and place-based strategies (CSD Research Report 05-05). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M., McBride, A. M., Johnson, E., Hanson, S., Ssewamala, F., & Williams Shanks, T. (2005). Saving in low-income households: Evidence from interviews with participants in the American Dream Demonstration (CSD Report 05-02). St. Louis, MO: Washington University, Center for Social Development. Publication Year: 2004 Boddie, S., Sherraden, M., Hoyt, L., Thirupathy, P., Williams Shanks, T., Rice, S., & Sherraden, M. S. (2004). Family saving and community assets: Designing and implementing family-centered, place-based individual development account programs (CSD Report 04-19). St. Louis, MO: Washington University, Center for Social Development. Ssewamala, F. M., & Sherraden, M. (2004). Saving for microenterprise in individual development accounts: Lessons from the American Dream Demonstration (CSD Report 04-18). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M. (2004). Program costs for individual development accounts: Final figures from CAPTC in Tulsa (CSD Report 04-17). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M. S., Williams Shanks, T., McBride, A. M., & Ssewamala, F. (2004). Overcoming poverty: Supported saving as a household development strategy (CSD Working Paper 04-13). St. Louis, MO: Washington University, Center for Social Development. Zhan, M., & Schreiner, M. (2004). Saving for post-secondary education in individual development accounts (CSD Working Paper 04-11). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M. (2004) Measuring saving (CSD Working Paper 04-08). St. Louis, MO: Washington University, Center for Social Development. Williams, T. R. (2004). The impacts of household wealth on child development (CSD Working Paper 04-07). St. Louis, MO: Washington University, Center for Social Development. Subsequent publication: Williams Shanks, T. (2007). The impacts of household wealth on child development. Journal of Poverty 11(2), p. 93-116. Schreiner, M. (2004). Support for microenterprise as asset-building: Concepts, good practices, and measurement (CSD Working Paper 04-06). St. Louis, MO: Washington University, Center for Social Development. Ssewamala, F. M., & Sherraden, M. (2004). Integrating savings into microenterprise programs for the poor: Do institutions matter? (CSD Working Paper 04-05). St. Louis, MO: Washington University, Center for Social Development. Grinstein-Weiss, M., & Sherraden, M. (2004). Racial differences in performance in a matched savings program (CSD Working Paper 04-04). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M., Ng, G. T., & Sherraden, M. (2004). Cost-effectiveness in Individual Development Accounts (CSD Working Paper 04-03). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M. (2004). Match rates, individual development accounts, and saving by the poor (CSD Working Paper 04-02). St. Louis, MO: Washington University, Center for Social Development. Grinstein-Weiss, M., Zhan, M., & Sherraden, M. (2004). Saving performance in individual development accounts: Does marital status matter? (CSD Working Paper 04-01). St. Louis, MO: Washington University, Center for Social Development. Mills, G., Patterson, R., Orr, L., & DeMarco, D. (2004). Evaluation of the American Dream Demonstration: Final evaluation report. Cambridge, MA: Abt Associates, Inc. Publication Year: 2003 Grinstein-Weiss, M., & Curley, J. (2003). Individual development accounts in rural communities: Implications for research (CSD Working Paper 03-21). St. Louis, MO: Washington University, Center for Social Development. Subsequent publication: Grinstein-Weiss, M., & Curley, J. (2002). Individual Development Accounts in rural communities: Implications for research. In T. L. Scales & C. L. Streeter (Eds.), Building and sustaining community assets (pp. 328-340). Pacific Grove, CA: Brooks/Cole. Zhan, M. (2003). Savings outcomes of single mothers in Individual Development Accounts (CSD Working Paper 03-07). St. Louis, MO: Washington University, Center for Social Development. McBride, A. M. (2003). The effects of Individual Development Account programs: Perceptions of participants (CSD Working Paper 03-06). St. Louis, MO: Washington University, Center for Social Development. Publication Year: 2002 Schreiner, M. (2002). What do individual development accounts cost? The first three years at CAPTC (CSD Report 02-17). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M. (2002). Individual Development Accounts: Summary of research (CSD Report 02-16). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M., Clancy, M., & Sherraden, M. (2002). Saving performance in the American Dream Demonstration: A national demonstration of Individual Development Accounts (CSD Report 02-15). St. Louis, MO: Washington University, Center for Social Development. Page-Adams, D. (2002). Design, implementation, and administration of individual development account programs, downpayments on the American Dream Policy Demonstration: A national demonstration of individual development accounts (CSD Report 02-13). St. Louis, MO: Washington University, Center for Social Development. Zhan, M., & Sherraden, M. (2002). Effects of mothers' assets on expectations and children's educational achievement in female-headed households (CSD Working Paper 02-9). St. Louis, MO: Washington University, Center for Social Development. Zhan, M., Sherraden, M., & Schreiner, M. (2002). Welfare recipiency and savings outcomes in individual development accounts (CSD Working Paper 02-8). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M., Schreiner, M., & Beverly, S. (2002). Income, institutions, and saving performance in Individual Development Accounts (CSD Working Paper 02-3). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M., & Sherraden, M. (2002). Drop-out from individual development accounts: Prediction and prevention (CSD Working Paper No. 02-2). St. Louis, MO: Washington University, Center for Social Development. Publication Year: 2001 Clancy, M., Johnson, L., & Schreiner, M. (2001). Experience in the American Dream Demonstration: Lessons for monitoring in a children and youth savings account policy demonstration (CSD Report CYSAPD 01-12). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M. (2001). Measuring savings (CSD Report CYSAPD 01-4). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M., Sherraden, M., Clancy, M., Johnson, L., Curley, J., Grinstein-Weiss, M., et al. (2001). Savings and asset accumulation in individual development accounts (CSD Report 01-23). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M. (2001). Saving in IDA programs: Supplemental testimony to the President’s Commission on Social Security (CSD Perspective 01-22). St. Louis, MO: Washington University, Center for Social Development. Johnson, L., et al. (2001). Management Information System for individual development accounts: A feasibility study (CSD Report 01-21). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M. (2001). Toward a universal and progressive asset-based domestic policy: Annual meeting of the Labour Party, United Kingdom (CSD Perspective 01-20). St. Louis, MO: Washington University, Center for Social Development. Johnson, E., Hinterlong, J., & Sherraden, M. (2001). Strategies for creating MIS technology to improve social work practice and research (CSD Working Paper 01-13). St. Louis, MO: Washington University, Center for Social Development. Subsequent publications: Johnson, E., Hinterlong, J., & Sherraden, M. (2001). Strategies for creating MIS technology to improve social work practice and research. Journal of Technology in Human Services, 18(3/4), 5-22. Johnson, E., Hinterlong, J., & Sherraden, M. (2001). Strategies for creating MIS technology to improve social work practice and research. In J. Miller-Cribbs (Ed.), New advances in technology for social work education and practice (pp. 5-22). Ng, G. T. (2001). Costs of IDAs and other capital-development programs (CSD Working Paper 01-8). St. Louis, MO: Washington University, Center for Social Development. Johnson, E., Hinterlong, J., Sherraden, M., & Moore, A. (2001). Advancing community development and public policy through an MIS-enhanced network (CSD Working Paper 01-4). St. Louis, MO: Washington University, Center for Social Development. Clancy, M., Grinstein-Weiss, M., & Schreiner, M. (2001). Financial education and savings outcomes in Individual Development Accounts (CSD Working Paper 01-2). St. Louis, MO: Washington University, Center for Social Development. Publication Year: 2000 Schreiner, M. (2000). Resources used to produce individual development accounts in the first two years of the experimental program of the American Dream Demonstration at the Community Action Project of Tulsa County (CSD Report 00-37). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M., Johnson, L., Clancy, M., Beverly, S., Schreiner, M., Zhan, M., et al. (2000). Saving patterns in IDA programs (CSD Report 00-34). St. Louis, MO: Washington University, Center for Social Development. Schreiner, M. (2000). A framework for financial benefit-cost analysis of individual development accounts at the experimental site of the American Dream Demonstration (CSD Report 00-31). St. Louis, MO: Washington University, Center for Social Development. Sherraden, M. (2000). From research to policy: Lessons from Individual Development Accounts (CSD Perspective 00-24). St. Louis, MO: Washington University, Center for Social Development. Subsequent publication: Sherraden, M. (2000). From research to policy: Lessons from Individual Development Accounts. Journal of Consumer Affairs, 34(2), 159-181. Moore, A., Beverly, S., Sherraden, M., Sherraden, M. S., Johnson, L., & Schreiner, M. (2000). Saving and asset-accumulation strategies used by low-income individuals (CSD Working Paper 00-17). St. Louis, MO: Washington University, Center for Social Development Publication Year: 1999 Sherraden, M., Page-Adams, D., & Johnson, L. (1999). Downpayments on the American Dream Policy Demonstration (CSD Report). St. Louis, MO: Washington University, Center for Social Development. Beverly, S. (1999). Economic poverty reconsidered: The case for "direct" measures (CSD Working Paper 99-1). St. Louis, MO: Washington University, Center for Social Development. Subsequent publication: Beverly, S. G. (2001). Measures of material hardship: Rationale and recommendations. Journal of Poverty, 5(1), 23-41.