Asset Building Financial Inclusion Report

The Universal Piggy Bank: Designing and Implementing a System of Savings Accounts for Children

This paper identifies the primary design issues that must be addressed before enacting a system of savings accounts for children (CSAs) and describes a method for implementing whatever system is adopted. From both design and implementation perspectives, three questions must be answered: (1) how are the accounts funded, (2) how are they administered, and (3) what rules govern distributions?

Project: Inclusion in Asset Building: Research and Policy Symposium


Goldberg, F., & Cohen, J. (2000). The universal piggy bank: Designing and implementing a system of savings accounts for children (CSD Policy Report No. 00-30). St. Louis, MO: Washington University, Center for Social Development.