Skip to content Skip to search Skip to footer
Washington University in St. Louis

Brown School

Center for Social Development

Menu
  • About
  • Areas Of Work
    • Our Projects
  • Experts
    • Core Faculty & Staff
    • Faculty Directors
    • Faculty Associates
    • CSD Research Associates & Assistants
  • Publications
  • Partnerships
    • Grand Challenges for Social Work
    • Sister Centers for Social Development
    • Next Age Institute​: Partnership in Social Innovation
    • Washington University Partnerships
    • Funding Partners
  • Newsroom
    • CSD News
    • Media
    • Newsletter
  • Events
  • Contact
    • Join Our Mailing List
Asset Building Financial Inclusion Working Paper

Using Individual Development Accounts to Save for a Home: Are There Differences by Race?

By CSD • July 1, 2006October 27, 2021

Research indicates that homeownership is a key variable in wealth accumulation. Using data from the American Dream Demonstration, this study examines the performance of low-incomeblacks and whites saving for homeownership through Individual Development Accounts (IDAs), a matched saving program. Results show black IDA participants saved smaller amounts and less frequently. Furthermore, findings suggest institutional variables have different associations with savings for blacks and whites. Implications for policymakers and program administrators are discussed regarding differential targeting of race groups in the design and implementation of programs aimed toward increasing savings and assets accumulation for low-income and minority households.

Project: American Dream Policy Demonstration (ADD)

Citation

Grinstein-Weiss, M., & Wagner, K. (2006). Using Individual Development Accounts to save for a home: Are there differences by race? (CSD Working Paper No. 06-06). St. Louis, MO: Washington University, Center for Social Development.

View Publication
2006American Dream Policy Demonstration (ADD)Individual Development Account (IDA)Kristen WagnerMichal Grinstein-Weiss

Center for Social Development

Washington University in St. Louis

MSC 1196-251-46

One Brookings Drive

St. Louis, MO 63130

314-935-7433

csd@wustl.edu

  • Facebook
  • Twitter
  • Flickr

Media Contact

Lissa Johnson
CSD Associate Director
ejohnson@wustl.edu

Join our Mailing List

Center for Social Development

©2023 Washington University in St. Louis