In the United States, Individual Development Accounts (IDAs) are a social development strategy for increasing economic participation and long-term economic security. This article uses cross-sectional survey data (N=298) to describe perceived IDA effects: psychological, economic, social, and civic. Future research can inform the effects of specific program characteristics, such as financial education, as well as the applicability of IDAs worldwide.
Citation
McBride, A. M., Lombe, M., & Beverly, S. G. (2003). The effects of Individual Development Account programs: Perceptions of participants (CSD Working Paper No. 03-06). St. Louis, MO: Washington University, Center for Social Development.