This report is the final part of a four-part series that focuses on the relationship between children’s savings and improving college success. This last part examines recommendations to refine children’s savings account proposals. The report presents evidence from a set of empirical studies conducted on children’s savings research, with an emphasis on low-income children, relevant to large-scale policy proposals. Among the various policy recommendations, Elliot highlights the evidence that suggests automatic enrollment is a key factor in CSA’s future success.
Project: College Success
Elliott, W., III. (2012). Ideas for refining children’s savings account proposals (Creating a Financial Stake in College, Report No. IV). Washington, DC: New America Foundation and Washington University, Center for Social Development.