Individual Development Accounts (IDAs) are matched savings accounts designed to help low-income individuals establish a pattern of regular savings and build assets. Savings from IDAs may be used to purchase a home, start a small business, or pay for high education. This perspective provides answers to frequently asked questions about IDAs.
Project: American Dream Policy Demonstration (ADD)
Grinstein-Weiss, M., & Irish, K. (2007). Individual Development Accounts: Frequently asked questions (CSD Perspective No. 07-09). St. Louis, MO: Washington University, Center for Social Development.